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Bob's Inc. just paid a dividend of $2.00.Those dividends are expected to grow at a constant rate of 4% indefinitely.What is the price of Bob's

Bob's Inc. just paid a dividend of $2.00.Those dividends are expected to grow at a constant rate of 4% indefinitely.What is the price of Bob's Inc.'s stock today if the cost of capital is 12%?

A.$30.00

B.$25.00

C.$20.00

D.$20.80

E.$26.00

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