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A stock is expected to pay a dividend of $2 at the end of this year.Dividends are not expected to grow after that (constant dividend
A stock is expected to pay a dividend of $2 at the end of this year.Dividends are not expected to grow after that (constant dividend case). If the expected return on the stock is 17%, what is its current fair price?Round your answer to the nearest cent; do not include the $ sign (i.e., if the answer is $20.4567, enter it as 20.46).
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