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A share of Lash Inc. ' s common stock just paid a dividend of $ 2 . 1 0 . If the expected long -

A share of Lash Inc.'s common stock just paid a dividend of $2.10. If the expected long-run growth rate for this stock is 5%, and if investors' required rate of
return is 18.5%, what is the stock price?
Select the correct answer.
a. $15.01
b. $16.33
c. $13.69
d. $18.97
e. $17.65
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