An issue of common stock's most recent dividend is $4.35. Its growth rate is 4.0%....
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Accounting
An issue of common stock's most recent dividend is $4.35. Its growth rate is 4.0%. What is its price if the market's rate of return is 8.4%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
103.86
49.43
108.86
102.82
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