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8-19 Value a Constant Growth Stock Financial analysts forecast Safeco Corp.s (SAF) growth rate for the future to be 8 percent. Safecos recent dividend was

8-19 Value a Constant Growth Stock Financial analysts forecast Safeco Corp.s (SAF) growth rate for the future to be 8 percent. Safecos recent dividend was $0.88. What is the value of Safeco stock when the required return is 12 percent? (LG8-5)

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