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The common stock of Big Birds Unlimited has a required return of 8 percent and a growth rate of 4 percent. The last annual dividend

The common stock of Big Birds Unlimited has a required return of 8 percent and a

growth rate of 4 percent. The last annual dividend was $.60 a share. What is the

current price of this stock?

$7.50

$7.80

$10.00

$15.00

$15.60

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