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A stock pays a dividend of $1.50 per share per year, starting in one year, and is expected to pay this amount forever. If the

A stock pays a dividend of $1.50 per share per year, starting in one year, and is expected to pay this amount forever. If the stocks expected return is 13.5%, what is the price of the stock?

1.50

11.11

21.43

50.00

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