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What is the price of a stock that will pay a dividend of $3 in one year and has an expected return of 9% per

What is the price of a stock that will pay a dividend of $3 in one year and has an expected return of 9% per year? The dividends are expected to increase at an average rate of 4% per year from one year onwards.
O $52 $53 $60 $61

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