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Dyer Furniture is expected to pay a dividend of $ 1 . 2 5 per share at the end of the year, and that dividend

Dyer Furniture is expected to pay a dividend of $1.25 per share at the end of the year, and that dividend is expected to decline at a constant rate of 6.00% per year in the future. The company's required rate of return is 10.33%. What is Dyer's current stock price?
$30.36
$28.90
$9.12
$31.90
$7.65
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