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An issue of common stock's most recent dividend is $3.85. Its growth rate is 6.0%. What is its price if the market's rate of return

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An issue of common stock's most recent dividend is $3.85. Its growth rate is 6.0%. What is its price if the market's rate of return is 8.5%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Multiple Choice 0 $77.00 $164.00 $159.00 $163.24 Explore

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