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What price would you expect to pay for a stock with 13 percent required rate of return, 4 percent rate of dividend growth, and an

What price would you expect to pay for a stock with 13 percent required rate of return, 4 percent rate of dividend growth, and an annual dividend of $2.00 which will be paid tomorrow?

$31.39

$31.10

$20.78

$25.11

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