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6. Pieluser Steel currently pays an annual cash dividend of $13.25 (DO). The company plans to keep the dividend at this level for the foreseeable

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6. Pieluser Steel currently pays an annual cash dividend of $13.25 (DO). The company plans to keep the dividend at this level for the foreseeable future, as no future growth is anticipated. If the rate of return required by common shareholders (Ke) is 15 percent, what is the price of the common shares

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