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39. Bavarian anticipates its revenues, and consequently its common stock dividends, will remain flat forever. It currently pays an annual dividend of $20 per year.

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39. Bavarian anticipates its revenues, and consequently its common stock dividends, will remain flat forever. It currently pays an annual dividend of $20 per year. If it pays the next dividend exactly one year from today, then what is the price of Static's common shares if the required rate of return is 10%? a. $24.00 b. $40.00 c. $166.67 d. $200.00

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