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7. You purchased some stock several years ago and would like to know its current approximate price. You know that the dividend that will be
7. You purchased some stock several years ago and would like to know its current approximate price. You know that the dividend that will be paid at the end of this year is going to be $3.47 per share. Your stock has a historical growth rate of 4% per year, and the total cost of equity is 10.5%. What is the current price of this stock?
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