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X company stock will pay a $3 dividend a year from today, the dividend is expected to grow at 3% for the foreseeable future. If
X company stock will pay a $3 dividend a year from today, the dividend is expected to grow at 3% for the foreseeable future. If the discount rate is 10%, what is the price of this stock. $60 .a $50 .b $42.86 .C $37.50 .d
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