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XYZ Corp. just paid a dividend of $0.58 to its stockholders. It expects the dividends to grow at a rate of 3.8% and the stockholders
XYZ Corp. just paid a dividend of $0.58 to its stockholders. It expects the dividends to grow at a rate of 3.8% and the stockholders expect a return of 8.92% from Industrial Corp. Compute the stock price for the company.
Group of answer choices
$12.55
$11.76
$11.33
none of the above
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