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A stock is expected to pay a dividend of $2.00 at the end of the year (D1 = 2.0). The required rate of return is

  1. A stock is expected to pay a dividend of $2.00 at the end of the year (D1 = 2.0). The required rate of return is rs = 9%, and the expected constant growth rate is g = 4.0%. What is the stock's current price?

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