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2. Problem 9.02 (Constant Growth Valuation) ebook Tresnan Brothers is expected to pay a $3.40 per share dividend at the end of the year (ie,

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2. Problem 9.02 (Constant Growth Valuation) ebook Tresnan Brothers is expected to pay a $3.40 per share dividend at the end of the year (ie, D; - $3.40). The dividend is expected to grow at a constant rate of 10% a year. The required rate of return on the stock, ris 10%. What is the stock's current value per share? Round your answer to the nearest cent

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