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A company is expected to pay a dividend of $3.38 next year. The dividend has a growth rate of 3.97% and the required return for
A company is expected to pay a dividend of $3.38 next year. The dividend has a growth rate of 3.97% and the required return for the stock is 8.38%. What is the price of the stock? Select one: a. $40.33 b. $85.14 c. $79.69 d. $76.64 e. $-76.64
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