Question: Peter Paul, Inc., paid a $ 4 . 0 6 dividend last year. At a constant growth rate of 8 percent, what is the value

Peter Paul, Inc., paid a $4.06 dividend last year. At a constant growth rate of 8 percent, what is the value of the common stock if investors require a 13 percent rate of return?
$92.32
$74.71
$81.20
$87.69
Peter Paul, Inc., paid a $ 4 . 0 6 dividend last

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