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A firm has just paid its current annual dividend of $4.00 per share of common stock. If the long- run growth rate for this firm
A firm has just paid its current annual dividend of $4.00 per share of common stock. If the long- run growth rate for this firm is expected to be constant at 10% forever, and you require an annual rate of 16%, the amount you would be willing to pay for a share of this stock today is closest to
$44
$25
$32
$55
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