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Star Wars Group just paid a dividend of $1.50 per share on its stock. The dividends are expected to grow at a constant rate of
Star Wars Group just paid a dividend of $1.50 per share on its stock. The dividends are expected to grow at a constant rate of 10% per year, indefinitely. If investors require 15% annual return on this stock, the current stock price shall be ________.
1. $30
2. $33
3. $35
4. $40
5. $43
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