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Yatz, Inc. has paid $0.45 in dividends every year for the last 20 years and plans to continue this dividend policy forever. If the required

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Yatz, Inc. has paid $0.45 in dividends every year for the last 20 years and plans to continue this dividend policy forever. If the required return is 12%, what is the current price of Yatz stock? A. $2.08 B. $4.16 C. $8.33 D. $16.67 E. none of the above

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