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1 point What is the value of a share of common stock one year from now that paid $4 dividend at the end of last

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1 point What is the value of a share of common stock one year from now that paid $4 dividend at the end of last year and is expected to pay a cash dividend every year from now to infinity, with that dividend growing at a rate of 4 percent per year, if the investors required rate of return is 12% on that stock? Round your answer to two decimals

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