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A stock just paid a dividend of D0= $1.50. The required rate of return is rs= 20.0%, and the constant growth rate is g =

A stock just paid a dividend of D0= $1.50. The required rate of return is rs= 20.0%, and the constant growth rate is g = 4.0%. What is the current stock price?

Select the correct answer.

a. $11.31b. $10.53c. $10.92d. $9.75e. $10.14

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