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A firm has experienced a constant annual rate of dividend growh of 9 percent on its common stock and expects the dividend per share in

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A firm has experienced a constant annual rate of dividend growh of 9 percent on its common stock and expects the dividend per share in the coming year to be $2.70. The firm can earn 12 percent on similar risk involvements. The value of the firms common stock is $2250/ share s9/share 590/share \$30/share

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