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An issue of common stock's most recent dividend is $4.35. 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 $4.35. 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 $222.50 $227.50 $108.75 $228.37

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