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If a stock's most recent dividend that was just paid out was $ 2 . 7 5 ( i . e . , Do =

If a stock's most recent dividend that was just paid out was $2.75(i.e., Do = $2.75),
the current price of the stock (Po)= $75. The stock's expected rate of return is 15%.
Which of the following is closest to the expected long-term constant growth rate?
a)10.93%
b)10.24%
c)11.79%
d)12.45%
e)9.72%

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