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A stock will be paying an dividend of $2.40 a share next year. Dividends after that will be increasing by 1.45% a year. What is

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A stock will be paying an dividend of $2.40 a share next year. Dividends after that will be increasing by 1.45% a year. What is the implied current price given a required rate of return of 13% ? A. 15.14 B. 19.01 C. 19.78 D. 20.78 E. 19.32

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