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A stock is expected to pay a dividend of $1.35 at the end of the year. The required rate of return is r s =

A stock is expected to pay a dividend of $1.35 at the end of the year. The required rate of return is rs = 11.1%, and the expected constant growth rate is g = 8.2%. What is the stock's current price?

a. $51.72
b. $50.37
c. $46.55
d. $16.46
e. $12.1

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