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Analysts have forecasted IDMs dividend next year to be $3.49 per share. The required rate of return is 6.55%. What is the current share price

Analysts have forecasted IDMs dividend next year to be $3.49 per share. The required rate of return is 6.55%. What is the current share price of IDM if dividends are expected to grow at 0.52% per year in the future?

a. $50.28

b. $57.88

c. $53.28

d. $55.88

e. $28.94

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