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Alberta Shipping Corporation has just paid a $10 dividend. The company plans to grow its dividend at 3% and expects to do so indefinitely. If

Alberta Shipping Corporation has just paid a $10 dividend. The company plans to grow its dividend at 3% and expects to do so indefinitely. If investor's required return is 12%, what is the stock price now?

Select one:

a. $114.44

b. $42.44

c. $45.88

d. $44.44

e. $41.88

Clear my choice

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