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1. Delta Software Company is currently paying a dividend of $1.85 per share, which is expected to grow at a constant rate of 8 percent

1. Delta Software Company is currently paying a dividend of $1.85 per share, which is expected to grow at a constant rate of 8 percent per year. Investors require a rate of return of 15 percent to invest in stocks with this degree of riskiness. The estimated value of Delta is?

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