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1. Chesapeake Energy Corporation (CHK) just paid an annual dividend of $0.80/share. The dividend is expected to grow at 3% per year. Your required rate

1. Chesapeake Energy Corporation (CHK) just paid an annual dividend of $0.80/share. The dividend is expected to grow at 3% per year. Your required rate of return is 7%. What would you be willing to pay for this stock?

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