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Imperial Manufacturing just paid a dividend of $3.75. Dividends are expected to grow at 2 percent per year. The required return on this stock is

Imperial Manufacturing just paid a dividend of $3.75. Dividends are expected to grow at 2 percent per year. The required return on this stock is 9 percent. What is the price of this stock? $55.89 $52.34 $53.57 $54.64

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