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Answer to Question #1113 in Finance for Joel Smith

Question #1113
A share of common stock has just paid a dividend of $2.00. If the expected long-run growth rate for this stock is 7%, and if investors require a(n) 11% rate of return, what is the price of the stock?

(Points : 5)
$47.50
$49.00
$50.50
$52.00
Expert's answer
$53.50

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