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

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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

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