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A firm is expected to pay a dividend of $3.3 per share at the end of the year (D1). The dividends are expected to grow

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A firm is expected to pay a dividend of $3.3 per share at the end of the year (D1). The dividends are expected to grow at 4% infinitely. The required rate of return of this firm is 7%. What is the stock value of this firm? Give your answer with two decimals

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