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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

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 15.5%, what is the stock price? Select the correct answer.

a. $21.00

b. $21.61

c. $19.78

d. $22.22

e. $20.39

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