Suppose Pale Hose, Inc. has just paid a dividend of $1.80 per share. Sales and profits for Pale Hose are expected to grow at a rate of 7.75% per year. Its dividend is expected to grow by the same amount. If the required return is 12%, what is the value of a share of Pale Hose?

Question 19 options:

	$32.40
	$43.12
	$45.64
	$34.24
	$39.16

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