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BioScience Inc. will pay a common stock dividend of $4.60 at the end of the year (D1). The required return on common stock (Ke) is

BioScience Inc. will pay a common stock dividend of $4.60 at the end of the year (D1). The required return on common stock (Ke) is 17 percent. The firm has a constant growth rate (g) of 7 percent. Compute the current price of the stock (P0)

Current Price______________

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