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Bill Inc. common stock is expected to pay a $2.08 dividend at the end of the year and is in a risk class that requires

  1. Bill Inc. common stock is expected to pay a $2.08 dividend at the end of the year and is in a risk class that requires a 5.5% required return. If this dividend is expected to grow forever at a 2.0% rate, what is the estimated value of Bill Inc.’s common stock?

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