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Zephyr Electricals is a company with no growth potential. Its last dividend payment was $4.50, and it expects no change in future dividends. What is the current price of the company's stock given a discount rate of 9 percent?
Myelin
A fatty substance that surrounds and insulates the axons of some neurons, enhancing the speed at which electrical impulses are conducted.
Axon
A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.
Neurotransmitters
Chemical substances that transmit signals across a synapse from one neuron to another in the nervous system.
Brain
The brain is the complex organ located in the skull that serves as the center of the nervous system in all vertebrate and most invertebrate animals, responsible for processing sensory information, regulating bodily functions, and enabling thought, memory, and emotion.
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