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A stock is expected to pay a dividend of $1.93 at the end of the year. The required rate of return is rs = 12.57%,
A stock is expected to pay a dividend of $1.93 at the end of the year. The required rate of return is rs = 12.57%, and the expected constant growth rate is g = 5.1%. What is the stock's current price?
a) $30.81
b).$21.23
c). $ 25.89
d). $27.96
e). $22.26
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