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Lapidus Restaurants Incorporated currently pays a $6.00 common stock dividend.The dividend is expected to remain at $6.00 and not expected to grow in the future.What
Lapidus Restaurants Incorporated currently pays a $6.00 common stock dividend.The dividend is expected to remain at $6.00 and not expected to grow in the future.What is the current value of Lapidus Restaurant's common stock to an investor requiring an 13% rate of return?
A) $100.00
B) $46.15
C) $50.45
D) $42.45
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