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2. CenturyLink, Inc. (ticker:CTL) just paid a dividend of $1.00 per share. Dividends are expected to grow at 3% per year. If the discount rate

2. CenturyLink, Inc. (ticker:CTL) just paid a dividend of $1.00 per share. Dividends are expected to grow at 3% per year. If the discount rate is 11.5%, what is the stock worth today? (4 points) POSL

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