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Carlson Enterprises' common stock dividend is expected to grow at 1% per year. The dividend recently paid was $0.46 per share, and the required return

Carlson Enterprises' common stock dividend is expected to grow at 1% per year. The dividend recently paid was $0.46 per share, and the required return is 4%. What is the estimated value of the common stock?

  • $15.25

  • $14.45

  • $15.78

  • $15.49

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