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A stock just paid a dividend of D 0 = $1.50. The required rate of return is r s = 8.5%, and the constant growth

A stock just paid a dividend of D0 = $1.50. The required rate of return is rs = 8.5%, and the constant growth rate is g = 4.0%. What is the current stock price?

Select the correct answer.

a. $35.22
b. $35.77
c. $34.12
d. $34.67
e. $36.32

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