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An issue of common stock's most recent dividend is $ 3 . 4 5 . Its growth rate is 4 . 0 % . What

An issue of common stock's most recent dividend is $3.45. Its growth rate is 4.0%. What is its price if the market's rate of return is 8.2%?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Multiple Choice
$87.14
$85.43
$41.07
$92.14
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