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QUESTION 33 Best Chocolate corporation paidis a dividend of $6.00 at the end of the year. Dividends are expected to grow at a constant rate

QUESTION 33

Best Chocolate corporation paidis a dividend of $6.00 at the end of the year. Dividends are expected to grow at a constant rate of 6.5% indefinitely. The investor's rate of return for a firm like Best Chocolate characteristics is 16%. Compute the value of the stock.

$53.17

$49.97

$63.16

$59.60

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