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A stock just paid a dividend of D0 = $1.30. The required rate of return is rs = 11%, and the constant growth rate is

A stock just paid a dividend of D0 = $1.30. The required rate of return is rs = 11%, and the constant growth rate is g = 5.0%. What is the current stock price?

$22.75

$23.76

$24.11

$24.32

$26.50

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