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What is the value of a common stock that recently paid a $1.50 dividend per share, and has a constant growth rate of 6% if

What is the value of a common stock that recently paid a $1.50 dividend per share, and has a constant growth rate of 6% if the discount rate is 11.5%?

a. $15.38 b. $27.27

c. $28.91 d. $31.80

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