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A company has stock that just paid at 54.6 per share dividend. The dividend is expected to grow at 12% over the nect year and

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A company has stock that just paid at 54.6 per share dividend. The dividend is expected to grow at 12% over the nect year and then grow at a constant 2% per year forever. If the stock's required refurn is BH, how mueh should you be willing to pay for a share of the stock'l Round your final answer to two deeimal places (doe' ryond internediste calculationi)

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