GFG Hotels Incorporated currently pays a $3.00 common stock dividend. Dividends have been growing at...
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GFG Hotels Incorporated currently pays a $3.00 common stock dividend. Dividends have been growing at a 5% annual rate and are expected to continue growing this rate into the foreseeable future. What is the current value of GFG Hotels common stock to an investor requiring a 12% rate of return?
$26.25
$45.00
$63.00
$42.86
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