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RTC Inc. stock currently paid a $1.50 dividend. The dividend is expected to grow by 5% annually forever. What is the value of RTC Inc.

RTC Inc. stock currently paid a $1.50 dividend. The dividend is expected to grow by 5% annually forever. What is the value of RTC Inc. stock if the required rate of return is 9.6%? FORMAT TO 4 DECIMAL PLACES

A. $41.89

B. $34.24

C. $22.32

D. $19.56

E. $53.45

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