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Craig Corporation has just paid dividends of $3.75 per share, which the company projects will grow at a constant rate of 5% percent forever. If

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Craig Corporation has just paid dividends of $3.75 per share, which the company projects will grow at a constant rate of 5% percent forever. If Craig Corporation's shareholders require a 12 percent rate of return, what is the price of it's common stock. $65.72 $5357 $47.25 $3878

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