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A stock is expected to pay a dividend of $0.50 at the end of the year. The required rate of return is rs = 10.8%,

A stock is expected to pay a dividend of $0.50 at the end of the year. The required rate of return is rs = 10.8%, and the expected constant growth rate is g = 6.50%. What is the stock's current price?

A. $8.55

B. $10.98

C. $11.63

D. $19.65

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