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Tony's Tire company pays a $ 1 . 1 0 dividend and grows at 3 % per year. Given a required rate of return of

Tony's Tire company pays a $1.10 dividend and grows at 3% per year. Given a required rate of return of 12%, what is the stock price for this company?
Group of answer choices
11.00
12.22
13.55
12.00

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