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Next year, Company EDG will pay a dividend of $1.08. The market's required rate of return on an equity investment in EDG is 10%. Dividends

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Next year, Company EDG will pay a dividend of $1.08. The market's required rate of return on an equity investment in EDG is 10%. Dividends are expected to grow by 3% a year. What is the value of the stock according to the Dividend Discount Model? $15.43 $15.89 $14.98 $14.95

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