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1. The common stock of the Paltel is currently selling for $35 per share. Last year's dividend per share was 54.00. Earnings and dividends per

1. The common stock of the Paltel is currently selling for $35 per share. Last year's dividend per share was 54.00. Earnings and dividends per share are expected to grow at a constant rate of 5% per year for the indefinite future. What is the expected price of the stock one year from now

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