Question: Thomas Bros. is expected to pay a $2.25 dividend per share at the end of this year (D1). This dividend is expected to grow at

Thomas Bros. is expected to pay a $2.25 dividend per share at the end of this year (D1). This dividend is expected to grow at a constant rate of 6% per year. The required rate of return on the stock is 12%. What is the stock's current value per share? $37.50 $42.50 $45.25 $48.00 $52.50

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