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A company is set to pay a stock dividend of $11 next year. The dividends will grow at a constant rate of 4% thereafter. The

A company is set to pay a stock dividend of $11 next year. The dividends will grow at a constant rate of 4% thereafter. The required rate of return is 9.2%. Find the current price of the stock. $209.42 $275.00 $119.57 $211.54 $220.00

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