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A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is r s =

A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is rs = 10.5%, and the expected constant growth rate is g = 10%. What is the stock's current price?

Select the correct answer.

a. $151.01
b. $148.99
c. $146.97
d. $150.00
e. $147.98

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