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BioScience Inc. will pay a common stock dividend of $3.75 at the end of the year (D1). The required return on common stock (K2) is

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BioScience Inc. will pay a common stock dividend of $3.75 at the end of the year (D1). The required return on common stock (K2) is 16 percent. The firm has a constant growth rate (g) of 6 percent Compute the current price of the stock (Po). (Do not round intermediate calculations. Round your answer to 2 decimal places.) Current price

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