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A stock just paid a dividend of D 0 = $ 1 . 0 0 . The required rate of return is rs = 9

A stock just paid a dividend of D0= $1.00. The required rate of return is rs =9.5%, and the constant growth rate is g =4.0%. What is the current stock price?
a. $7.70
b. $18.18
c. $19.91
d. $18.91
e. $10.95

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