A share of common stock just paid a dividend of $3.25 per share.The expected long-run growth rate for this stock is 18%.If investors require a rate of return of 24%,what should the price of the stock be?
A)$57.51
B)$62.25
C)$71.86
D)$63.92
E)$44.94

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The Answer of A share of common stock just paid a dividend of $3.25 per share.The expected long-run growth rate for this stock is 18%.If investors require a rate of return of 24%,what should the price of the stock be?
A)$57.51
B)$62.25
C)$71.86
D)$63.92
E)$44.94

A Share of Common Stock Just Paid a Dividend of $3.25