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A Share of Common Stock Just Paid a Dividend of $1.00.If

Question 55

Multiple Choice

A share of common stock just paid a dividend of $1.00.If the expected long-run growth rate for this stock is 5.4%,and if investors' required rate of return is 11.4%,what is the stock price?


A) $16.28
B) $16.70
C) $17.13
D) $17.57
E) $18.01

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