Constant growth rate-what is the current stock price

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Reference no: EM13918358

A stock just paid a dividend of D0 = $1.50. The required rate of return is rs = 10.1%, and the constant growth rate is g = 4.0%. What is the current stock price?

a. $23.11 b. $23.70 c. $24.31 d. $24.93 e. $25.57

Reference no: EM13918358

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