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The Varner Corp. common stock's current divident (D0) is $4.00, and the expected growth rate is 10 percent. if you requre a rate of return
The Varner Corp. common stock's current divident (D0) is $4.00, and the expected growth rate is 10 percent. if you requre a rate of return of 20 percent, then what is the highest price you should be willing to pay for this stock?
A. $44.00
B.$33.00
C. $40.00
D. $29.33
E. $50.00
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