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The Commuter Solutions Company just paid an annual dividend of $1.12. If you expect a...

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Accounting

The Commuter Solutions Company just paid an annual dividend of $1.12. If you expect a constant growth rate of 4% and have a required rate of return of 13%, what is the current stock price according to the constant growth dividend model? Select one: a. $12.44 Ob. $12.94 c. $13.46 d. There is not enough information to answer this question.

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