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Suppose that a stock pays three annual dividends of $15, $11, and $12 in years 1, 2, and 3, respectively and the discount rate is

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Suppose that a stock pays three annual dividends of $15, $11, and $12 in years 1, 2, and 3, respectively and the discount rate is 10 percent. What is the price of the stock today? Select one: O a $32.40 O b. $31.85 O c. $33.26 O d. $31.74 O e. $31.67

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