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A common stock pays an annual dividend per share of $5.20. The risk-free rate is 7% and the risk premium for this stock is 3%.

A common stock pays an annual dividend per share of $5.20. The risk-free rate is 7% and the risk premium for this stock is 3%. If the annual dividend is expected to remain at $5.20, what is the value of the stock? Stock value $

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