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A firm is expected to produce a constant annual rate of dividend growth of 6 percent. The most recent dividend to be paid was $2.70.
A firm is expected to produce a constant annual rate of dividend growth of 6 percent. The most recent dividend to be paid was $2.70. An investor has a 13 percent required return on this investment. The value of a share of the firm's common stock is ________.
Group of answer choices
$40.89
$35.78
$46.37
$33.75
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