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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 rS=10.5%, and the

image text in transcribed 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=4.5%. What is the stock's current price? Select the correct answer. a. $12.50 b. $14.34 c. $11.58 d. $13.42 e. $10.66

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