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What comes closest to the value today of a stock that will pay a dividend of $1 per share at the end of each year
What comes closest to the value today of a stock that will pay a dividend of $1 per share at the end of each year forever if the required rate of return is 5%?
A. $50.00
B. $33.33
C. $25.00
D. $20.00
E. $16.67
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