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Contantia, Inc., just paid a dividend of $13.8 per share on its stock. The dividends are expected to grow at a constant rate of 8.8
Contantia, Inc., just paid a dividend of $13.8 per share on its stock. The dividends are expected to grow at a constant rate of 8.8 percent per year, indefinitely. If investors require a return of 21.32 percent on this stock, what is price in 6 years?
Select one:
a. $182.75
b. $221.33
c. $197.55
d. $198.92
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