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A company is expected to grow at a constant rate of 6% a year into the indefinite future. It recently paid a dividend of $2

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A company is expected to grow at a constant rate of 6% a year into the indefinite future. It recently paid a dividend of $2 a share. The rate of return on stocks is about 11%. What should a share sell for today? $42.40 $45.25 $57.30 $55.40 $50.67

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