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Avril Synchronistics will pay a dividend of $ 1 . 5 0 per share this year. It is expected that this dividend will grow by

Avril Synchronistics will pay a dividend of $1.50 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 14%?
A. $13.64
B. $15.00
C. $9.55
D. $10.23
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