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03-06-2023
Business

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18. Chapter MC, Section 07, Problem 063. Algo A stock just paid a dividend of De = $1.50. The required rate of return is rs = 8.0%, and the constant growth rate is g = 4.0%. What is the current stock price? Select the correct answer. a. $41.82 b. $43.23 c. $40.41 d. $39.00 e. $37.59

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