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33 An issue of common stock's most recent dividend is $3.05. Its growth rate is 5.0%. What is its price if the market's rate of
33
An issue of common stock's most recent dividend is $3.05. Its growth rate is 5.0%. What is its price if the market's rate of return is 8.9%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Multiple Choice
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$83.21
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$82.12
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$88.21
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$39.10
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