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A stock has a constant dividend of $3.25 per year forever. Your required rate of return is 9%. How much would you pay today for

A stock has a constant dividend of $3.25 per year forever. Your required rate of return is 9%. How much would you pay today for this stock?

  • A. $30.00
  • B. $36.11
  • C. $41.67
  • D. $52.40

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