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The next dividend payment of Dirigible Company's stock will be $4.75 per share. If the expected long-run growth rate for this stock is five percent,
The next dividend payment of Dirigible Company's stock will be $4.75 per share. If the expected long-run growth rate for this stock is five percent, and if investors require a 15 percent rate of return, what is the price of the stock today? Select one: a. $44.95 b. $47.50 c. $35.33 d. $23.64 e. $35.27
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