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30 A firm paid its annual dividend of $1.61 per share on its stock yesterday. The dividend is expected to grow at a constant rate

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A firm paid its annual dividend of $1.61 per share on its stock yesterday. The dividend is expected to grow at a constant rate of 1.47 percent per year into the foreseeable future. The expected rate of return on this stock is 18.43 percent. What is the value of one share of this stock today? $8.74 $109.52 $1.70 $9.63 $9.49

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