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Stock in Rochella Luxury Bag Inc. is expected to pay a $2.25 dividend next year and grow at a constant 4% per year. If you

Stock in Rochella Luxury Bag Inc. is expected to pay a $2.25 dividend next year and grow at a constant 4% per year. If you require a 10% rate of return to invest in Rochella, how much is this stock worth to you? A. 39.0 B. 37.5 C. 24.75 D. 35.25 E. 22.5

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