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Bolwork Inc. is expected to pay a dividend of $5.5 per share next year. Bolwork's dividends are expected to grow by 4 percent annually. The

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Bolwork Inc. is expected to pay a dividend of $5.5 per share next year. Bolwork's dividends are expected to grow by 4 percent annually. The required rate of return for Bolwork stock is 12 percent. Based on the dividend discount model, a fair value for Bolwork stock is \$ per share. 33.3368.7541.6760.00

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