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What price would you pay today for a stock if you require a rate of return of 14%, the dividend growth rate is 5.30%, and

What price would you pay today for a stock if you require a rate of return of 14%, the dividend growth rate is 5.30%, and the firm recently paid an annual dividend of $2.90?

Multiple Choice

  • $35.10

  • $42.12

  • $52.65

  • 28.08

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