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You want to purchase some shares of Green World Company stock, and you require a 15% rate of return to compensate you for what you

You want to purchase some shares of Green World Company stock, and you require a 15% rate of return to compensate you for what you perceive to be the risks. If the company pays a constant $1.80 per share dividend indefinitely, what is the current price of the stock?

A. $5.40 B. $6.90 C. $9.80 D. $12.00

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