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Builtrite stock just paid a dividend of $8 and dividends are expected to grow at a 9% annual rate. If you require a 14% annual

Builtrite stock just paid a dividend of $8 and dividends are expected to grow at a 9% annual rate. If you require a 14% annual return, what do you believe is a fair price for Builtrite stock?

a. $144.00

b. $160.00

c. $174.40

d. $88.33

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