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Company XYZ announced that it will pay a dividend next year of $3.00. The company has been growing at 3% per year and the stockholders

Company XYZ announced that it will pay a dividend next year of $3.00. The company has been growing at 3% per year and the stockholders demand a 11% return. What should the value of XYZ stock be today?

$33.33

$40.00

$50.00

$37.5

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