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Assume the firms dividend payment this year is $3.67 , and that the required rate of return for the firms industry is 10.3%. If the

Assume the firms dividend payment this year is $3.67, and that the required rate of return for the firms industry is 10.3%. If the firms dividend will grow 5.6% each year beginning next year, what is the market value of the firms shares under the Dividend Discount Model? Assume this years dividends have been paid already.

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