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GFG Hotels Incorporated currently pays a $3

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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