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35. BuzzSci will pay a common stock dividend of $2.80 at the end of the coming year. The required rate of return by common stockholders

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35. BuzzSci will pay a common stock dividend of $2.80 at the end of the coming year. The required rate of return by common stockholders is 14 percent, and the firm has a constant growth rate of 9 percent, what is the current price of the common stock? Choose the closest number. a. $32 b. $46 c. $64 d. $56

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