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A stock just paid a $2.50 dividend. It is expected to grow at a constant 5% per year. What dividend value should be used to
A stock just paid a $2.50 dividend. It is expected to grow at a constant 5% per year. What dividend value should be used to find today's price of the stock with a DDM?
a) $1.90
b) $2.50
c) $2.55
d) $2.63
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