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Assum e that Bank of America is expected to have dividends of $1.42 next year (ie. D1) with an expected annual growth of 4% and

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Assum e that Bank of America is expected to have dividends of $1.42 next year (ie. D1) with an expected annual growth of 4% and a required ate of return of 14%. What is the fundamental value of Bank of America's stock? [Hint: Use the constant growth model 0 A. $9.50 OB. $11.30 OC. $12.80 D. $14.20

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