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An issue of common stock's most recent dividend is $3.05. Its growth rate is 5.0%. What is its price if the market's rate of return

An issue of common stock's most recent dividend is $3.05. Its growth rate is 5.0%. What is its price if the market's rate of return is 9.3%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

$75.93

$80.93

$35.47

$74.48

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