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7. Stock Valuation Gruber Corp. pays a constant $8.50 dividend on its stock. The company will maintain this dividend for the next 11 years and

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7. Stock Valuation Gruber Corp. pays a constant $8.50 dividend on its stock. The company will maintain this dividend for the next 11 years and will then cease paying dividends forever. If the required return on this stock is 9.5 percent, what is the current share price

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