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32. A stock just paid a dividend of D 0 = $1.50. The required rate of return is r s = 10.1%, and the constant

32.

A stock just paid a dividend of D₀ = $1.50. The required rate of return is r_s = 10.1%, and the constant growth rate is g = 4.0%. What is the current stock price?

a. $25.57

b. $23.70

c. $24.93

d. $23.11

e. $24.31

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