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Assume that a share of stock just paid ( yesterday ) a dividend ( D 0 ) of $ 2 . 0 0 per share,

Assume that a share of stock just paid (yesterday) a dividend (D0) of $2.00 per share, has a required rate of return of 6 percent, and has a constant dividend growth rate of 2 percent. Also assume that the stock's price is in equilibrium so that expected rates are equal to required rates of return. Given this information, determine what percentage of the stocks current price (value) is derived from the dividends expected to be received in Years 11-22.
23.48%
29.84%
28.34%
26.79%
25.17%
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