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Schnusenberg Corporation just paid a dividend of D 0 = $ 2 . 1 0 per share, and that dividend is expected to grow at

Schnusenberg Corporation just paid a dividend of D0= $2.10 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 2.00, the required return on the market is 14.50%, and the risk-free rate is 4.50%. What is the company's current stock price? Do not round intermediate calculations.
a. $12.43
b. $11.67
c. $9.13
d. $27.96
e. $34.41

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