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A zero-growth stock pays the same amount of dividend of $1.35 per share every year. If the required rate of return is 12%, what is

A zero-growth stock pays the same amount of dividend of $1.35 per share every year. If the required rate of return is 12%, what is the value of the zero-growth stock per share?

a	$11.25
b	$ 8.89
c	$13.35
d	$16.20

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