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Avril Synchronistics will pay a dividend of $ 1 . 2 per share this year. It is expected that this dividend will grow by 3

Avril Synchronistics will pay a dividend of $1.2 per share this year. It is expected that this dividend will grow by 3% each year in the future. What will be the current value of a single share of Avril's stock if the firm's equity cost of capital is 13%?
A. $9
B. $8.4'
C. $12
D. $13.2
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