A share of common stock has just paid a dividend of $2.00. If the expected long-run growth rate for this stock is 15 percent, and if investors require a 19 percent rate of return, what is the price of the stock?
A) $57.50
B) $62.25
C) $71.86
D) $64.00
E) $44.92

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The Answer of A share of common stock has just paid a dividend of $2.00. If the expected long-run growth rate for this stock is 15 percent, and if investors require a 19 percent rate of return, what is the price of the stock?
A) $57.50
B) $62.25
C) $71.86
D) $64.00
E) $44.92

A Share of Common Stock Has Just Paid a Dividend