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BMI Corp. just paid an annual dividend of $10. The company follows a dividend policy that raises dividends annually at a rate of 2% (and
BMI Corp. just paid an annual dividend of $10. The company follows a dividend policy that raises dividends annually at a rate of 2% (and expects this rate to go forever). The required rate of return is 10% What is today's stock price? 1) 51.00 O 2) 100.00 3) 125.00 O 4) 65.00 5) 127.50o
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