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Avril Synchronistics will pay a dividend of $ 1 . 1 0 per share this year. It is expected that this dividend will grow by

Avril Synchronistics will pay a dividend of $1.10 per share this year. It is expected that this dividend will grow by 6% 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 15%?
A. $13.44
B. $12.22
C. $8.55
D. $9.17
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