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Alexander, Inc. will pay a dividend of $4.75 per share on Common Stock at the beginning of the year (Do). The Required Return on common

Alexander, Inc. will pay a dividend of $4.75 per share on Common Stock at the beginning of the year (Do). The Required Return on common stock (R) is 12%. The firm has a constant growth rate of 6%. Compute the current price of the stock (Po)

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