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A company paid $10 per share in dividend this year, the company expects to grow at the rate of 5% per year in the foreseeable

A company paid $10 per share in dividend this year, the company expects to grow at the rate of 5% per year in the foreseeable future. the shareholders though expect a return of 11% every year from investing in the company. What price should they offer for a share of the stock

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