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A share of common stock has an expected long-run constant dividend growth rate of 8%, and the most recent dividend D_0, was $4.00. The required

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A share of common stock has an expected long-run constant dividend growth rate of 8%, and the most recent dividend D_0, was $4.00. The required rate of return on the common stock is 20%. Then, using the dividend growth model, calculate the current price of the stock

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