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A stock just paid a dividend of D 0 = $1.50. The required rate of return is r s = 9.0%, and the constant growth

A stock just paid a dividend of D₀ = $1.50. The required rate of return is r_s = 9.0%, and the constant growth rate is g = 4.0%. What is the current stock price?

Select the correct answer.

a. $31.20

b. $32.52

c. $30.54

d. $33.18

e. $31.86

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