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1. (7 points) A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is

1. (7 points) A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is rs=10.5%, and the expected constant growth rate is g=8.2%. What is the stock's current estimated price

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