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Stock XYZ currently sells for $35.00 per share. The current dividend is $3.50 per share, and is expected to grow at a constant rate of

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Stock XYZ currently sells for $35.00 per share. The current dividend is $3.50 per share, and is expected to grow at a constant rate of 4%. What is the discount rate deemed appropriate for stock XYZ by the market? Possible Answers A 6.4% B 10.0% 10.4% D 14.0% E 14.4%

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