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A stock just paid a dividend of Do = $1.50. The required rate of return is rs = 12.0%, and the constant growth rate is

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A stock just paid a dividend of Do = $1.50. The required rate of return is rs = 12.0%, and the constant growth rate is g = 4.0%. What is the current stock price? Select the correct answer. a. $21.78 b. $24.06 C. $19.50 d. $22.92 e. $20.64

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