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Pursuit Inc. pays a current dividend of $1 per share and has a current share price of $25. What constant growth rate justifies the current

Pursuit Inc. pays a current dividend of $1 per share and has a current share price of $25. What constant growth rate justifies the current share price if the required return is 15%?

a. 9.93%

b. 10.09%

c. 10.44%

d. 10.58%

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