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QRS Inc. last paid a dividend of $2.39. Dividends are expected to grow indefinitely at -3%. If the required return was previously 7% but now

QRS Inc. last paid a dividend of $2.39. Dividends are expected to grow indefinitely at -3%. If the required return was previously 7% but now the required return is 7.6%, what is the current price of the stock?

Group of answer choices

$22.55

$53.52

$23.90

$51.96

$21.87

$23.18

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