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#23 A firm just paid a dividend of $3.86. The dividend is expected to grow at a constant rate of 2.49% forever and the required

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A firm just paid a dividend of $3.86. The dividend is expected to grow at a constant rate of 2.49% forever and the required rate of return is 11.37%. What is the value of the stock?

Answer format:Currency: Round to: 2 decimal places.

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