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10. An analyst gathers the following information about the common stock of a mature company, with dividend growth expected to be constant for an indefinite
10. An analyst gathers the following information about the common stock of a mature company, with dividend growth expected to be constant for an indefinite period. Current market price $107.36 Long-term dividend growth rate 4.0% Industry dividend growth rate 3.6% Required rate of return 6.5% Assume the stock is fairly valued. Based on this information and the appropriate valuation model, the amount of the company's last dividend paid is closest to (155)
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