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The last dividend ( Divo ) is $ 1 . 8 0 , the growth rate ( g ) is 6 % , and the

The last dividend (Divo) is $1.80, the growth rate (g) is 6%, and the required rate of return (r) is 12%. What is the stock price according to the constant growth dividend model?
A. $31.80
B. $30.80
C. $30.00
D. $15.00
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