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33. A stock expects to pay a dividend of $9.12 per share one year from today. The dividend growth rate is estimated to be 5.50

33.

A stock expects to pay a dividend of $9.12 per share one year from today. The dividend growth rate is estimated to be 5.50 percent per year indefinitely. The expected return on the stock is 14 percent. What should the stock price be today?

Group of answer choices

$117.84

$124.48

$113.20

$120.91

$107.29

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