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8. Hackworth Company's common stock is expected to pay a $4.10 dividend in the coming year. If investors require a 13% return and the growth
8. Hackworth Company's common stock is expected to pay a $4.10 dividend in the coming year. If investors require a 13% return and the growth rate in dividends is expected to be 8%, what should the market price of the stock be? Round to two decimal places
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