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An issue of common stock is expected to pay a dividend of $4.80 at the...

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Accounting

An issue of common stock is expected to pay a dividend of $4.80 at the end of the year. Its growth rate is equal to eight percent. If the required rate of return is 13 percent, what is its current price? (Points : 4) $103.68 $36.92 $96.00 none of these

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