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9. A common stock has just paid a dividend of $2.18/share. The dividend is expected to grow by 5.62% per year for 18 years. After

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9. A common stock has just paid a dividend of $2.18/share. The dividend is expected to grow by 5.62% per year for 18 years. After that the dividends will stay constant in perpetuity. The required rate of return on the stock is 16%. What should the price of the stock be today

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