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2. What do you predict will be the current market price of a zero-growth stock if the stock's annual dividend is forecast to be $8.25

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2. What do you predict will be the current market price of a zero-growth stock if the stock's annual dividend is forecast to be $8.25 into perpetuity? Assume that investors require a 12% return on this common stock (which means that r=0.12). Please recall that this setting is what financiers call a zero-growth stock, therefore it behaves like a perpetuity

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