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Stability Inc. has maintained a dividend rate of $4 per share for many years. The same rate is expected to be paid in future years.

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Stability Inc. has maintained a dividend rate of $4 per share for many years. The same rate is expected to be paid in future years. If investors require a 14 percent rate of return on similar investments, determine the present value of the company's stock. a. $16.93 b. $31.25 c. $41.20 d. $36.40 e. $28.57

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