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A company's per-share dividends on common stock are expected to grow at a constant rate of 4.50% for the foreseeable future. The company is expected
A company's per-share dividends on common stock are expected to grow at a constant rate of 4.50% for the foreseeable future. The company is expected to pay out a per-share dividend of $3.10 one year from today. Investors require a return of 9% on this stock. What should each share sell for today?
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