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An issue of common stock's most recent dividend is $4.35. Its growth rate is 4.0%. What is its price if the market's rate of return

An issue of common stock's most recent dividend is $4.35. Its growth rate is 4.0%. What is its price if the market's rate of return is 8.4%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

103.86

49.43

108.86

102.82

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