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Calculate the duration of a common stock that pays dividends at the end of each year into perpetuity. Assume that the dividend is constant, and

Calculate the duration of a common stock that pays dividends at the end of each year into perpetuity. Assume that the dividend is constant, and the effective rate of interest is 9%.
(A)11
(B)12
(C)13
(D)14
(E) None of the above
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