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Header Motor, Inc., paid a $ 3 . 0 6 dividend last year. At a constant growth rate of 4 percent, what is the value

Header Motor, Inc., paid a $3.06 dividend last year. At a constant growth rate of 4 percent, what is the value of the common stock if the investors require a 1 percent rate of return?
$35.78
$39.78
$31.25
$$40.59
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