A share of common stock just paid a dividend of 100 if the

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A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if investors'required rate of return is 11.4%, what is the stock price?

$16.28

$16.70

$17.13

$17.57

$18.01

Reference no: EM13485786

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