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Ramchander Investment Group is expected to pay dividends of $1.40 next year. The company just paid dividends of $1.30. This growth rate is expected to

Ramchander Investment Group is expected to pay dividends of $1.40 next year. The company just paid dividends of $1.30. This growth rate is expected to continue. How much should be paid for Ramchander Investment Group stock just after the dividend if the appropriate discount rate is 10%?

$14.00

$35.85

$58.90

$60.61

$65.27

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