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.A stock is expected to pay a dividend of $3.00 at the end of the year (D1 = 5.0). The required rate of return is

.A stock is expected to pay a dividend of $3.00 at the end of the year (D1 = 5.0). The required rate of return is rs = 8%, and the expected constant growth rate is g = 3.0%. What is the stock's current price?

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