A share of 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 share of 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?
$16.28
$16.70
$17.13
$17.57
$18.01








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