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( 3 ) Ginger industries just paid a dividend of $ 1 . 5 0 , and the dividends are expected to grow at a

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Ginger industries just paid a dividend of $1.50, and the dividends are expected to grow at a constant rate of 4% forever. If the required rate of return by stockholders is 12% what will be the price of the stock of Ginger Industries?
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