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A company has just paid a $1.00 per share dividend. Investors expect annual growth in dividends to be 4 percent per annum forever, and the

A company has just paid a $1.00 per share dividend. Investors expect annual growth in dividends to be 4 percent per annum forever, and the estimated required rate of return to be 8%, the value of a share of stock of this company is closest to?

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