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A stock's current price is $50. Investors require a 15% rate of return and dividends are expected to grow at 5% indefinitely. What is the
A stock's current price is $50. Investors require a 15% rate of return and dividends are expected to grow at 5% indefinitely. What is the expected price of the stock next year?
a.
$52
b.
$50
c.
$-2
d.
$57
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