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It is expected that a common stock of a firm has no growth opportunities but pays a dividend of $1.36 per year? If the required

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It is expected that a common stock of a firm has no growth opportunities but pays a dividend of $1.36 per year? If the required rate of return is 12.5 percent, what would be the maximum an investor should pay for the common stock? a. $9.52 O b. $10.64 O c. $10.88 O d. $11.47 e. $11.24

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