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A firm's earnings and dividends are expected to decline at a constant rate of 4% per year. The most recent dividend (Div0) was $3.9 and

A firm's earnings and dividends are expected to decline at a constant rate of 4% per year. The most recent dividend (Div0) was $3.9 and the required return on the stock is 14%. The current price of the stock should be $__________.

Margin of error for correct responses: +/- .05

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