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big stock just paid a dividend of $1.00. the company expects to raise the dividend by 4% next year (forever) and other similar stocks in

big stock just paid a dividend of $1.00. the company expects to raise the dividend by 4% next year (forever) and other similar stocks in the market are priced to yeild 15%. how much is one share of big stock worth today?
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59.09 None of the above. $8.95 $9.45 $9.45

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