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A stock is expected to pay dividends at the end of each year forever. The next dividend (payable one year from now) is 2.5 and

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A stock is expected to pay dividends at the end of each year forever. The next dividend (payable one year from now) is 2.5 and is expected to increase at a rate of 3.5% per year. Find the current stock price so that the yield rate is 9% per annum

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