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A stock is cxpected to pay a constant dividend of 53 share every quarter (every 3 montho) and the first dwidend is expected in exactly

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A stock is cxpected to pay a constant dividend of 53 share every quarter (every 3 montho) and the first dwidend is expected in exactly 1 year, if the markets required return on this stockis 1194 PER YEAR, what is the market value of the stock today? [Express your final answer in dollars and cents (rounded to 2 decimal places)/ Market value =1 per share

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