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Barrett Corp is expected to pay a dividend of $3.00 at the end of the year (D1 = $3.00). The stock has a constant growth

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Barrett Corp is expected to pay a dividend of $3.00 at the end of the year (D1 = $3.00). The stock has a constant growth rate of 5 percent a year, and the required return is 11%. Using the Constant DDM, find the stock's current value. $5.00 $52.00 $50.00 $56.00

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