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A stock is expected to pay a dividend of $1 at the end of the year. The required rate of return is rs = 17%,

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A stock is expected to pay a dividend of $1 at the end of the year. The required rate of return is rs = 17%, and the expected constant growth rate is 5%. What is the current stock price? a) $11.11 b) $ 9.09 c) $ 8.33 d) $ 7.69 e) $ 7.14

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