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Yatz, Inc. has paid $0.45 in dividends every quarter for the last 10 years and plans to continue this dividend policy forever. If the required

Yatz, Inc. has paid $0.45 in dividends every quarter for the last 10 years and plans to continue this dividend policy forever. If the required return is 11%, what is the current price of Yatz stock?

A. $2.08

B. $4.09

C. $8.33

D. $15.00

E. None of the above

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