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Hudson Corp. will pay a dividend of $3.28 per share next year. The firm pledges to increase its dividend by 3.75% per year indefinitely. If

Hudson Corp. will pay a dividend of $3.28 per share next year. The firm pledges to increase its dividend by 3.75% per year indefinitely. If the required return on investments is 10%, how much will be the stock worth today?

Select one:

a. $52.48

b. $52.50

c. $53

d. $53.00

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