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2 points Save Arom Question 6 Suppose the curent dividends on a stock are $3.7 per share and dividends are expected to increase by 2%

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2 points Save Arom Question 6 Suppose the curent dividends on a stock are $3.7 per share and dividends are expected to increase by 2% per year, forever. If the required rate of retum is 8%, what is the value of the stock? (round your answer to 2 decimal places)

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