An issue of common stock has just paid a dividend of $4.50.The dividend growth rate is 10%.What is its price if the market's rate of return is 16%?
A) $82.50
B) $45.00
C) $28.13
D) $75.00

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The Answer of An issue of common stock has just paid a dividend of $4.50.The dividend growth rate is 10%.What is its price if the market's rate of return is 16%?
A) $82.50
B) $45.00
C) $28.13
D) $75.00

An Issue of Common Stock Has Just Paid a Dividend