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A compamy has just paid a dividend of $6.8 per share for its common stock. The dividends are expected to grow at a constant rate

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A compamy has just paid a dividend of $6.8 per share for its common stock. The dividends are expected to grow at a constant rate of 3$6 per year forever. Investors expect to earn a 1005 return on the stock. What is the price of the stock today (t=0) ? Note: Write your answer in decimals (2 or more dedmal places)

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