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A company's dividends are getting smaller at a constant rate of 2% (this growth rate is negative). The company just paid a dividend of $7

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A company's dividends are getting smaller at a constant rate of 2% (this growth rate is negative). The company just paid a dividend of $7 and the required return is 11%. What is the price of the company's stock today? Answer to 2 decimal places, for example 59.12

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