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A share of common stock has just paid a dividend of $ 4 . 5 0 . If the expected long - run growth rate

A share of common stock has just paid a dividend of $4.50. If the expected long-run growth rate for this stock is 4.0%, and if investors' required rate of return is 10.5%, what is the stocks intrinsic value, or what price should the stock be selling for? Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box. For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.

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