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Barrington, Inc. has common stock outstanding. It is expected to make a $4.00 dividend in one year. The expected dividend growth rate is 3.5% per

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Barrington, Inc. has common stock outstanding. It is expected to make a $4.00 dividend in one year. The expected dividend growth rate is 3.5% per year. If you require a 14% per year return on your investment, how much would you pay for the company's stock today? Answer to the nearest cent and do not include the

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