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If expected dividends grow at 3% and the appropriate discount rate is 5%, what is the value of a stock with an expected dividend of

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If expected dividends grow at 3% and the appropriate discount rate is 5%, what is the value of a stock with an expected dividend of $1.95? (Round your answer to 2 decimal places.) O $48.75 O $97.50 O $98.50 O $146.25

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