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Ace Inc. is expected to pay a dividend of $5.00 per share next year ( D1 = $5.00), which is expected to grow at 6%

Ace Inc. is expected to pay a dividend of $5.00 per share next year ( D1 = $5.00), which is expected to grow at 6% rate annually forever thereafter. Given the risk level of the stock, investors require a 10% return on this stock, what should be the market price of Ace Inc.'s common stock?

A) $75

B) $100

C) $125

D) $150

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