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A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if investors'

A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if investors' required rate of return is 10.2%, then what is the stock price?

Select one:

a. $23.93

b. $21.96

c. $24.37

d. $23.50

e. $16.47

using excel

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