What price should the stock sell

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Problem 1: Vara Technologies' is expected to pay a dividend of $3.00 per share one year from today. Vara's required rate of return is rs = 10%. If the expected growth rate is 5%, at what price should the stock sell?

Group of answer choices

Option 1: $60.00

Option 2: $65.02

Option 3: $64.65

Option 4: $66.79

Option 5: $65.89

Reference no: EM132753345

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