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AEC paid $2.00 in dividends at the end of the year (Div1). Analysts expect this payment will grow at 6% annually for the indefinite future.

AEC paid $2.00 in dividends at the end of the year (Div1). Analysts expect this payment will grow at 6% annually for the indefinite future. What stock price is forecast with this constant-growth model if a discount rate of 10% is appropriate?

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