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A company has cost of equity of 8% and a dividend growth rate of 3%. Its dividends for next year is $2.20 per share. What

A company has cost of equity of 8% and a dividend growth rate of 3%. Its dividends for next year is $2.20 per share. What should the stock's price be?

$0.22

$44.00

$4.40

$27.00

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