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Alan & Company just paid a dividend of $2.80 today (i.e., D0=2.80 ). Its required rate of return is 12.4%. If the market expects that

Alan \& Company just paid a dividend of $2.80 today (i.e., D0=2.80 ). Its required rate of return is 12.4%. If the market expects that the dividend will grow at a constant rate of 4% per year forever, Alan \& Company's stock should sell for $

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