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2. The dividends of a stock have generally been growing at a rate of 2.4% for the last 70 years or so. The current dividend
2. The dividends of a stock have generally been growing at a rate of 2.4% for the last 70 years or so. The current dividend is expected to be $4.30 /share (annualized). If a well-diversified market portfolio is providing 6.3% returns, what would be a good price to pay for the stock
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