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BG, Inc, is expected to pay a dividend of $4.30, the firm's cost of common equity (r3) is 13% and dividends are expected to grow

BG, Inc, is expected to pay a dividend of $4.30, the firm's cost of common equity (r3) is 13% and dividends are expected to grow at the long-term rate of 5%. What is the fair value of the firm's common stock? a. $50.65 b. $53.70 c. $55.23 d. $56.25

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