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A company has just paid a dividend of $1.50. The dividend is expected to grow at 6 percent per year forever. If the required return

A company has just paid a dividend of $1.50. The dividend is expected to grow at 6 percent per year forever. If the required return is 8 percent, what is the value of the stock?

		$75.00
		70
		$79.50
		81

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