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Assume you have a stock that pays a $0.25 dividend every quarter and the required return is 16% with quarterly compounding. What is the price?

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Assume you have a stock that pays a $0.25 dividend every quarter and the required return is 16% with quarterly compounding. What is the price? Select one: a. $6.50 b. $6.75 c. $6.25 d. $6.10

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