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Hughes Inc.'s next dividend is expected to be $2. The firm is expected to grow at a constant rate of 3% forever, and investors

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Hughes Inc.'s next dividend is expected to be $2. The firm is expected to grow at a constant rate of 3% forever, and investors require a 10% return to hold the stock. What should be the price of Hughes stock today? a) $2.94 b) $29.43 c) $2.86 d) $31.43 e) $28.57

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