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The next dividend or D1 is $1.80, the growth rate is 6%, and the reqquired rate of return is 12%. What is the stock price
The next dividend or D1 is $1.80, the growth rate is 6%, and the reqquired rate of return 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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