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If investors require a 16 return and the growth rate in


The PDQ Company's common stock is expected to pay a $3.00 dividend in the coming year. If investors require a 16% return and the growth rate in dividends is expected to be 8%, what will the market price of the stock be?

A) $11.76

B) $37.50

C) $23.11

D) $22.22

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