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5. Charles Berkeley. Inc. just paid an annual dividend of S3.60 per share on its stock. The dividends are expected to grow at a constant

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5. Charles Berkeley. Inc. just paid an annual dividend of S3.60 per share on its stock. The dividends are expected to grow at a constant rate of 4.5 percent per year, indefinitely. If investors require an 11 percent return on this stock, what will the price be in 12 years? A. $91.71 B. $93.62 C. $95.75 D. $98.15 E. $102.57

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