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Delray Corporation pays an $ 8 dividend per year, and the board of directors has no plans to change the dividend. The firm s investors

Delray Corporation pays an $8 dividend per year, and the board of directors has no plans to change the dividend. The firms investors require a 15% return on the investment. What is the expected market price on the stock?
Please select one of the best answers from below:
A). $53.36
B). $53.33
C). $53.31
D). $53.54

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