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How much should you pay for a share of stock that offers a constant growth rate of 10%, requires a 16% rate of return, and
How much should you pay for a share of stock that offers a constant growth rate of 10%, requires a 16% rate of return, and is expected to sell for $50 one year from now? (i) $44.00
(ii) $44.45
(iii) $45.00
(iv) $45.45
(iv) None of the above
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