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If expected dividends grow at 6% and the appropriate discount rate is 8%, what is the value of a stock with an expected dividend one

If expected dividends grow at 6% and the appropriate discount rate is 8%, what is the value of a stock with an expected dividend one year from now of $3.45? (Round your answer to 2 decimal places.) Multiple Choice $86.25 $173.50 $258.75

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