Kaisyn3723 Kaisyn3723

27-02-2024
Business

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An issue of common stock is expected to pay a dividend of $5.15 at the end of the year. Its growth rate is equal to 6%. If the required rate of return is 10%, what is its current price?
A. $128.75
B. $36.92
C. $96.00
D. None of these

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