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Assume that MicroDrive just paid a dividend of $1.15. Its stock has a required rate of return of 13.4%, and investors expect the dividend to

Assume that MicroDrive just paid a dividend of $1.15. Its stock has a required rate of return of 13.4%, and investors expect the dividend to grow at a constant 8% rate in the future. What is the stock's value today? $23.0 $29.0 $25.5 $13.4

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