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3. Altria Group (ticker:MO) will pay a dividend of $3.36 in one year. Dividends are expected to grow at a constant rate of 4% per

3. Altria Group (ticker:MO) will pay a dividend of $3.36 in one year. Dividends are expected to grow at a constant rate of 4% per year. If the discount rate on this stock is 12.5%, how much is the stock worth to you today? (4 points)

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