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What is the price of a constant growth stock at year 2 ( P 2 ) that has a year 3 dividend ( D 3

What is the price of a constant growth stock at year 2 (P2) that has a year 3 dividend (D3) of $4, a growth rate (g) of 3%, and a rate of return (rS) of 13%?

Group of answer choices

$50

$60

$40

$30

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