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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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