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An issue of common stock expected to pay a dividend of $4 at the end of the year. Its growth rate is equal to 5%.

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An issue of common stock expected to pay a dividend of $4 at the end of the year. Its growth rate is equal to 5%. If the required rate of return is 10%, what is its current value? A. 80 B. 93 C. 100 D. 110

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