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Viola music Corporation is expected to pay a $3 dividend at the end of this year. If you expect Viola's dividend to grow by 5%

Viola music Corporation is expected to pay a $3 dividend at the end of this year. If you expect Viola's dividend to grow by 5% per year forever and Viola's equity cost of capital is 8%, then the value of a Viola music stock is closest to:

$62.5

$37.5

$100.0

$85.0

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