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The Southern Company (SO) has just paid an annual dividend of $3 per share. If the expected growth rate for Southern Co. is 10% and
The Southern Company (SO) has just paid an annual dividend of $3 per share. If the expected growth rate for Southern Co. is 10% and your required rated of return is 16%, how much are you willing to pay for this stock?
1)$55
2)$50
3)$46.50
4)$52.50
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