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A company is set to pay a stock dividend of $ 1 8 next year. The dividends will grow at a constant rate of 5

A company is set to pay a stock dividend of $18 next year. The dividends will grow at a constant rate of 5% thereafter. The required rate of return is 7.6%. Find the current price of the stock.
$236.84
$692.31
$726.93
$685.39
$360.00
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