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Kanga Pharmaceuticals has issued a stock with an annual dividend of $3.50 that is expected to grow at a rate of 3% per annum. At

Kanga Pharmaceuticals has issued a stock with an annual dividend of $3.50 that is expected to grow at a rate of 3% per annum. At a discount rate of 14% the stock will sell at a price of: a. $3.50 b. $25.00 c. $31.82 d. $30.00

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