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A stock currently has a zero growth dividend policy and just paid a dividend of $4/share.They will keep this policy for the next 10 years.Afterward,

A stock currently has a zero growth dividend policy and just paid a dividend of $4/share.They will keep this policy for the next 10 years.Afterward, they will increase their dividends by 2.5%/year, indefinitely.R=14%.Calculate the stock price today.

30.48

31.56

29.17

10.70

None of the above.

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