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A share of common stock just paid a dividend of $1 (Do = $1). If the expected long-run growth rate for this stock is 5.4%,

A share of common stock just paid a dividend of $1 (Do = $1). If the expected long-run growth rate for this stock is 5.4%, and if investors' required rate of return is 11.4%, what is the stock price per share today?

$16.67

$17.57

$ 8.77

$18.52

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