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An issue of common stock's most recent dividend is $3.55. Its growth rate is 5.0%. What is its price if the market's rate of return

image text in transcribed An issue of common stock's most recent dividend is $3.55. Its growth rate is 5.0%. What is its price if the market's rate of return is 7.0% ? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Multiple Choice $186.37 $182.50 $88.75 $187.50

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