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A company follows a dividend policy that raises dividends annually at a rate of 3 % ( and expects this rate to go forever )
A company follows a dividend policy that raises dividends annually at a rate of and expects this rate to go forever The company just paid an annual dividend of $ The required rate of return is
What is today's stock price?
For your answer round to the nearest decimals. Do not use the $ sign in your answer. For example, if the answer is $ enter your answer as ; Do not enter it as $$ or
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