A stock just paid a dividend of D0 = $1.50. The required rate of return is rs = 10.1%, and the constant growth rate, g, is 4.0%. According to the dividend discount model, the current stock price is closest to:A stock just paid a dividend of D0 = $1.50. The required rate of return is rs = 10.1%, and the constant growth rate, g, is 4.0%. According to the dividend discount model, the current stock price is closest to:
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