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Given Div_0 = $1.50, and cost of capital is 10%, what is the current stock price (in $/share) if the dividend stream is expected to

Given Div_0 = $1.50, and cost of capital is 10%, what is the current stock price (in $/share) if the dividend stream is expected to decline by 2% per year into the foreseeable future?

A. 18.75
B. 19.13
C. 12.50
D. 12.25

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