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Company X has just paid a dividend of $1.50 per share. It is expected that the dividends from this company will grow at a rate

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Company X has just paid a dividend of $1.50 per share. It is expected that the dividends from this company will grow at a rate of 5% per year for the foreseeable future. The required return on Company X's stock is 11%. What is the value of Company X's stock? Multiple Choice $14.32 $30.00 $2500

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