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#21 A firm will pay a dividend of $1.80 next year. The dividend is expected to grow at a constant rate of 2.81% forever and

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#21 A firm will pay a dividend of $1.80 next year. The dividend is expected to grow at a constant rate of 2.81% forever and the required rate of return is 10.61%. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places. unanswered not_submitted Attempts Remaining: 20

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