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A stock just paid a dividend of Do = $1.50. The required rate of return is rs = 9.0%, 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 = 9.0%, and the constant growth rate is g = 4.0%. What is the current stock price? Hint: like homework 9-12, use Gordons constant growth formula: Po = D1 / (r-g) $31.20 $34.32 $27.14 $32.14 O $36.19

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