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A company announces to pay a stock dividend of $24 next year. The dividends will grow at a constant rate of 5.0% thereafter. The required

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A company announces to pay a stock dividend of $24 next year. The dividends will grow at a constant rate of 5.0% thereafter. The required rate of return is 6.0%. Find the current price of the stock. O $400.00 O $2,400.00 O $480.00 O $2,328.00 O $2,520.00

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