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A stock is expected to pay a dividend of $0.75 at the end of the...

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Finance

A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is rs = 10.5%, and the expected constant growth rate is g = 8.2%. What is the stock's current price? a. $32.61 b. $27.39 c. $38.80 d. $27.07 e. $29.02

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