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A stock's current price is $40. The dividends are expected to grow at 4%, and investors require a 10% return. What is your estimate of

A stock's current price is $40. The dividends are expected to grow at 4%, and investors require a 10% return. What is your estimate of the price of the stock next year under the discounted dividend model? Responses $42 $40 $41.60 $44

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