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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%,

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 = 8%. What is the stock's current price?

Select the correct answer.

a. $34.56

b. $32.28

c. $30.00

d. $33.42

e. $31.14

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