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Cyberdyne Systems just paid a dividend of $1.32 on its common stock, and the next dividend will be paid one year from now. You require
Cyberdyne Systems just paid a dividend of $1.32 on its common stock, and the next dividend will be paid one year from now. You require a return of 6%. What is the market price of this stock if dividends are paid annually in perpetuity and grow at the rate of 2.62% per year forever? A) $15.31 B) $15.71 C) $22.58 D) $39.05 E) $40.08
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