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AGL Resources has a common stock that just paid a dividend of $10 per share. If the required return is 0.27 and the growth rate

AGL Resources has a common stock that just paid a dividend of $10 per share. If the required return is 0.27 and the growth rate of firm is 0.04, find the common stock price today. (Round to the nearest dollar.)

a. $24.7

b. $45.3

c. $45.2

d. None of the answers is correct.

e. $48.7

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