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gadgets inc just paid a dividend of $1.55. it expects its earnings to and dividends to decline at a rate of 3% per year indefinetly.

gadgets inc just paid a dividend of $1.55. it expects its earnings to and dividends to decline at a rate of 3% per year indefinetly. what is the value of the stock today if the rewuired rate of return is 12.5%?

$10.00 $16.32 $9.70 $16.81 $12.03

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