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Investors require a 14% return on a common stock that is expected to pay a $9 dividend next year and to grow at 3% per

Investors require a 14% return on a common stock that is expected to pay a $9 dividend next year and to grow at 3% per year thereafter. This stock has a value of

A. $ 80.80.

B. $ 81.82.

C. $100.00.

D. $124.60.

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