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A share of common stock has just paid a dividend of $2.00 (D0). If the expected long-run growth rate for this stock is 5 percent

A share of common stock has just paid a dividend of $2.00 (D0). If the expected long-run growth rate for this stock is 5 percent per year, and if investors require a 13 percent rate of return, what is the price of the stock?

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