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A corporation is expected to pay a $4.00 dividend over the next year. Dividends are expected to grow at a constant rate of 2% forever.

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A corporation is expected to pay a $4.00 dividend over the next year. Dividends are expected to grow at a constant rate of 2% forever. If you require a 12% return on this stock, what price are you willing to pay for this stock given your required return

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