A stock is expected to pay a dividend of 1 at the end of

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A stock is expected to pay a dividend of $1 at the end of the year. The required rate of return is rs = 11%, and the expected constant growth rate is 5%. What is the current stock price?

a.$16.67

b.$18.83

c.$20.00

d.$21.67

e.$23.33

Reference no: EM13574942

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