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Question 15 (5 points) A stock just paid a dividend of $2.0 at time 0 (Do). The long-run growth rate of dividends is 5.4%, and
Question 15 (5 points) A stock just paid a dividend of $2.0 at time 0 (Do). The long-run growth rate of dividends is 5.4%, and investors' required rate of return is 11.4%. What is its current stock price (Po)? A) $37.89 B) $35.13 C) $38.01 D) $39.21 E) $36.78
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