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A company pays a constant annual dividend of 1.45 per share. What is the price per share given a required rate of return of 16.4%?
A company pays a constant annual dividend of 1.45 per share. What is the price per share given a required rate of return of 16.4%?
A. 14.70
B. 9.53
C. 8.84
D. 1.56
E. 11.30
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