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Assume you are looking to possibly purchase Mo - Company A stock that is expected to pay a $ 3 dividend one year from today.

Assume you are looking to possibly purchase Mo-Company A stock that is expected to pay a $3 dividend one year from today. The dividend is then expected to grow at a rate of 3% per year thereafter. The opportunity cost of equity capital (yearly required rate of return) for stocks of similar risk to Mo-Company A is 13%.What is the current value of one share of stock for Mo-Company A?

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