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Emerson Electric just paid a dividend of $ 1 . 9 4 per share. Future dividends are expected to grow at a constant rate of

Emerson Electric just paid a dividend of $1.94 per share. Future dividends are expected to grow at a constant rate of 4% per year. What is the value of the stock if the required return is 9%?
A.
$39.44
B.
$42.56
C.
$40.32
D.
$41.87

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