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Next year Sweetheart, Inc, will be paying a dividend of $3.23. The company is expected to maintain a dividend growth rate of 3.6 %. What

Next year Sweetheart, Inc, will be paying a dividend of $3.23. The company is expected to maintain a dividend growth rate of 3.6 %. What is the stock price (value) if investors require a return of 12 percent on the company's stock?

Multiple Choice

A. $34.61

B. $39.84

C. $26.92

D. $36.53

E. $38.45

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