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Assume the firm's dividend payment this year is $4.06, and that the required rate of return for the firm's industry is 11.5%. If the firm's

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Assume the firm's dividend payment this year is $4.06, and that the required rate of return for the firm's industry is 11.5%. If the firm's dividend will grow 5.1% each year beginning next year, what is the market value of the firm's shares under the Dividend Discount Model? Assume this year's dividends have been paid already. $37.10 $63.44 $66.67 $59.24

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