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Question
A share of Lash Inc.'s common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if investors' required rate of return is 11.4%, what is the stock price?a. $16.28
b. $16.70
c. $17.13
d. $17.57
e. $18.01
Answer
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