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Suppose that GW Company pays a quarterly dividend and has just paid a dividend of $3.50. GW increases dividends quarterly at an effective annual
Suppose that GW Company pays a quarterly dividend and has just paid a dividend of $3.50. GW increases dividends quarterly at an effective annual rate of 3%. If investors require a 12% effective annual return on GW Company stock, what is the current stock price? (A)$38.89 (B) $165.38 (C) $155.56 (D) $40.06 (E) $165.79
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