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Assume a company just paid a dividend of $2.00 (i.e., D 0 =$2.00). The dividend has a constant growth rate of 8% and investors required

Assume a company just paid a dividend of $2.00 (i.e., D₀=$2.00). The dividend has a constant growth rate of 8% and investors required rate of return is 12%. What is the value of this stock?

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