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The last dividend paid by Company T was $1.34, and the expected growth rate is 10%. If you require a rate of return of 15%,

The last dividend paid by Company T was $1.34, and the expected growth rate is 10%. If you require a rate of return of 15%, what is the highest price you would be willing to pay for this stock?

$44.5

$25.5

$29.48

$55.5

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