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> pts Assume that a share of a constant growth stock has an expected dividend next year (D) of $1.89, a current price (Po) of

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> pts Assume that a share of a constant growth stock has an expected dividend next year (D) of $1.89, a current price (Po) of $18.90, and that investor's require a 15.0 percent rate of return. Given this data, and assuming that markets are in equilibrium, so that required rates of return are equal to expected rates of return, determine what the price of this stock should be at Year 3. $21.88 $24.31 O $22.69 O $25.12 O $23.50

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