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What is the expected price for the stock of a company that just paid a dividend of $3.00? The company has a dividend payout ratio

What is the expected price for the stock of a company that just paid a dividend of $3.00? The company has a dividend payout ratio of 50 percent, discount rate of 25 percent, and a P/E of 10.

a. $45.00

b. $12.00

c. $22.50

d. $60.00 e. $30.00

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