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A company's dividend grows at a constant rate of 4 percent p.a.. Last week it paid a dividend of $6.94. If the required rate of

A company's dividend grows at a constant rate of 4 percent p.a.. Last week it paid a dividend of $6.94. If the required rate of return is 13 percent p.a., what is the price of the share4 years from now? (round to nearest cent)

Select one:

a.$93.82

b.$90.21

c.$57.54

d.$130.76

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