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Question(s) / Instruction(s):

A share of common stock has just paid a dividend of $2. If the expected long-run growth rate for this stock is 15%, and if investors require a 19% rate of return, what is the price of the stock? 

  1. $57.50
  2. $62.25
  3. $71.86
  4. $64.00
  5. $44.92

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