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A stock just paid of dividend of $4.85 The dividend is expected to grow at a constant rate of 7.5000% The required rate of return

A stock just paid of dividend of $4.85

The dividend is expected to grow at a constant rate of 7.5000%

The required rate of return on the stock is 15.7500%

What is the current PRICE of the stock?

Group of answer choices

$58.79

$63.20

$85.22

$49.98

$76.78

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