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A stock will pay constant dividends of $4 every year. Its required rate of return (a.k.a., cost of capital, discount rate) is 24%. Round your

A stock will pay constant dividends of $4 every year. Its required rate of return (a.k.a., cost of capital, discount rate) is 24%. Round your answer to the nearest cent (one-hundredth). Do not include the dollar sign (\$)

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