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Summit Tires Inc. just paid a dividend of $0.75. Dividends are expected to grow at 4.25 percent per year. The required return on this stock

Summit Tires Inc. just paid a dividend of $0.75. Dividends are expected to grow at 4.25 percent per year. The required return on this stock is 12 percent. What is the price of this stock? $9.67 $9.09 $10.09 $10.59

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