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The Doug and Bob Company will pay a dividend of $2 next year. The company plans to maintain a constant 6% growth rate in dividends

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The Doug and Bob Company will pay a dividend of $2 next year. The company plans to maintain a constant 6% growth rate in dividends forever. If the required return on the stock is 11%, what is the current share price (approximately)? a) $18 b) $33 $40** $53 $42

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