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The stock is currently paying an annual dividend this year of $2.00 with an annual dividend growth rate of 5%. There is an assumed constant

The stock is currently paying an annual dividend this year of $2.00 with an annual dividend growth rate of 5%. There is an assumed constant growth of the dividend in the future. You have a required rate of return of 12%. What is the price of the stock? a. $16.67 b. $30.00 c. $28.57 d. $11.76

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