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A share of Microsoft stock just paid a dividend of $1.50. If the expected long-run growth rate for this stock is 5.0%, and if investors'
A share of Microsoft stock just paid a dividend of $1.50. If the expected long-run growth rate for this stock is 5.0%, and if investors' required rate of return is 7.6%, what is the stock price? (Round to two decimals)
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