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A company pays a dividend of $1.95 and its expected to grow at 5.5% for the foreseeable future. Your required rate of return is 11.8%.

A company pays a dividend of $1.95 and its expected to grow at 5.5% for the foreseeable future. Your required rate of return is 11.8%.

What's the value of the stock under the perpetual DDM?

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