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A stock has a share price of $52.00 and an expected annual return of 9.24 percent. The stock is expected to pay a constant dividend
A stock has a share price of $52.00 and an expected annual return of 9.24 percent. The stock is expected to pay a constant dividend forever with the next annual dividend expected in 1 year. What is the present value of the annual dividend that is expected in 4 years from today?(Round the value to 100th decimal)
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