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What price would you pay today for a stock if you require a rate of return of 18%, the dividend growth rate is 5.40%, and

What price would you pay today for a stock if you require a rate of return of 18%, the dividend growth rate is 5.40%, and the firm recently paid an annual dividend of $2.80?

Multiple Choice

$23.42
$35.13
$18.74
$28.11

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