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Lucky Businessis expected to paya dividend of $5.4 per share one year from today. The firm's shareholders have a required rate of return of 11.06%
Lucky Businessis expected to paya dividend of $5.4 per share one year from today. The firm's shareholders have a required rate of return of 11.06% per annum and its dividends are forecast to grow at4.12% per year in perpetuity. Based on the given information, the share price of Lucky Business today should be $ ______ per share.
Select one:
a.$70.03
b.$81.02
c.$37.04
d.$34.11
e.$77.81
f.$85.59
g.$93.37
h.$101.15
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