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Question(s) / Instruction(s):

A stock just paid a dividend of D0 = $1.50. The required rate of return is rr = 10.1%, and the constant growth rate is g = 4.0%. What is the current stock price? (Points: 10) a) $23.11 b) $23.70 c) $24.31 d) $24.93 e) $25.57

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