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Rovello Corporation's common stock paid $1.48 in dividends last year and is expected to grow indefinitely at an annual 9 percent rate. What is the

Rovello Corporation's common stock paid $1.48 in dividends last year and is expected to grow indefinitely at an annual 9 percent rate. What is the value of the stock if you require a 12 percent return?
OA. $43.57
OB.$17.68
OC. $53.77
OD. $62.47
E. None of the above.

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