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Yesterday, a stock you owned paid a dividend of $1.30. You know that its cost of equity is 13%. You expect the stock's dividend to

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Yesterday, a stock you owned paid a dividend of $1.30. You know that its cost of equity is 13%. You expect the stock's dividend to grow by 12% next year when it is paid again. What is the stock's price? a. $10 b. $100 c. $130 d. $13

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