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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

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%?

a. $60

b. $50

c. $30

d. $40

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