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7. Suppose Consolidated Edison, Inc. will pay a $2.10 dividend next year. If the required retum is 5% and dividends are expected to grow by

7. Suppose Consolidated Edison, Inc. will pay a $2.10 dividend next year. If the required retum is 5% and dividends are expected to grow by 2% per year indefinitely, what is the stock price today? A. $66.67 B. $68.63 c. $70 D. $71.4

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