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A wealth manager considers an investment in a company that is expected to pay $6 cash dividend next year and grow by 5% every year.
A wealth manager considers an investment in a company that is expected to pay $6 cash dividend next year and grow by 5% every year. Given the required rate of return is 10%, what is the maximum value of the stock?
A. 100
B. 120
C. 200
D. infinite
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