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A stock paid $3.85 in dividends at the end of last year and is expected to pay a cash dividend until infinity. No growth is

A stock paid $3.85 in dividends at the end of last year and is expected to pay a cash dividend until infinity. No growth is expected. Investors require a 6% rate of return. What is the value of the common stock?

A $3.85

B. $68.02

C. $64.17

D. $6.42

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