What should be paid for overland common stock

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Which of the following amounts is closest to what should be paid for Overland common stock? Overland has just paid a dividend of $2.25. These dividends are expected to grow at a rate of 5% in the foreseeable future. The required rate of return is 11%.

$20.45

$21.48

$37.50

$39.38

$47.70

Reference no: EM13947017

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