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A share of common stock paid a dividend last year of $1.20 per share. The company expects future growth to occur at a constant rate

A share of common stock paid a dividend last year of $1.20 per share. The company expects future growth to occur at a constant rate of 5.00%. The required rate of return for this stock is 12.00%. What is the value of a share of this stock?

Select one:

A. $10.00

B. $10.50

C. $17.14

D. $18.00

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