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The Zoo Corporation has stock that currently pays a dividend of $1.50 per share. It is expected that the dividend will grow at a rate
The Zoo Corporation has stock that currently pays a dividend of $1.50 per share. It is expected that the dividend will grow at a rate of 2% each year forever. Zoo's required rate of return is 8%. Using the constant perpetuity growth model, which of the following is closest to Zoo's stock price per share? $25.50 0 -25.50 $34.00 -51.00 $51.00
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