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Johncar Corporation's expected dividend for next year is $7.70. It is expected to grow at a 3.2% rate in the future. If you require a

Johncar Corporation's expected dividend for next year is $7.70. It is expected to grow at a 3.2% rate in the future. If you require a 14% rate of return on similar risk investments, what is the value of a share of this common stock?

A) $71.30

B) $.71

C) $55.00

D) $73.58

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