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If expected dividends grow at 6% and the appropriate discount rate is 10%, what is the value of a stock with an expected dividend one

If expected dividends grow at 6% and the appropriate discount rate is 10%, what is the value of a stock with an expected dividend one year from now of $1.00?

Multiple Choice:

a. $19.41

b. $25.00

c. $29.12

d. $40.00

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