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The National Gas Company common stock was selling for $60 per share at the start of 2019 Dividend payments for the next year were expected

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The National Gas Company common stock was selling for $60 per share at the start of 2019 Dividend payments for the next year were expected to be annualized at $3.00 a share in 2020. The company has a usual growth of 5% and a customer is requiring a rate of 10%. Based on this information then the Price (Po) is estimated to be: (Review notes before attempting). Select one: a. $60.00 b. $30 O c. $100 d. $50.00

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