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1- Gilliland Motor, Inc paid a 3.95 dividend last year. If Gillilands return on equity is 24% and its retention is 32% what is the

1- Gilliland Motor, Inc paid a 3.95 dividend last year. If Gillilands return on equity is 24% and its retention is 32% what is the value of the common stock if the investor require a rate of return of 19%?

The value of the stock is $ .... ( round to nearest cent )

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