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A company just paid a dividend of $2.25. It expects to grow its dividend at 3% each year thereafter. If an investor has a required

A company just paid a dividend of $2.25. It expects to grow its dividend at 3% each year thereafter. If an investor has a required rate of return of 12%, how much would the investor pay for the stock? Select one: a. $26 b. $15.45 c. $18.75 d. $25.00 e. $19.31

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