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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 r_s = 10.5%, and the expected constant growth rate is g = 8.2%. What is the stock's current price?

a. $27.07

b. $32.61

c. $27.39

d. $38.80

e. $29.02

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