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Assume that Monsanto s last dividend (paid yesterday) was $2.25 per share. You expect dividends to grow at a constant rate of 5% per year

"Assume that Monsanto s last dividend (paid yesterday) was $2.25 per share. You expect dividends to grow at a constant rate of 5% per year forever. Investors' required rate of return is 11%. According to the Dividend Discount Model, what should be the price of this stock?"

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