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A share of common stock just paid a dividend of $1.35. If the expected growth rate for this stock is a constant 5.5%, and if

A share of common stock just paid a dividend of $1.35. If the expected growth rate for this stock is a constant 5.5%, and if investors' required rate of return is 7.45%, then what is the stock price?

a. $73.04 b. $51.40 c. $40.99 d. $62.22 e. $67.63

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