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A corporation paid dividends of $5 per share last year, but will increase dividends by 5% each year from then on. If interest rates are

A corporation paid dividends of $5 per share last year, but will increase dividends by 5% each year from then on. If interest rates are 6%, what is the price of this stock?

A. $500

B. $525

C.$550

D.$5,555

Please show how to work this problem

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