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What should be the current price of a share of stock if a $4 dividend was just paid, the stock has a required return of

What should be the current price of a share of stock if a $4 dividend was just paid, the stock has a required return of 15 percent, and a constant dividend growth rate of 5 percent?

a. $42.00

b. $40.00

c. $47.11

d. $44.44

e. $49.00

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