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Ginger Baker, Inc. just paid an annual dividend of $5 a share and this dividend is expected to grow at a rate of 7% per

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Ginger Baker, Inc. just paid an annual dividend of $5 a share and this dividend is expected to grow at a rate of 7% per year for the foreseeable future. If the discount rate for Ginger Baker is 9%, what is the current price of the stock? O $255.00 $267.50 O $175.00 $185.00 O S145.00

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