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[BUSINESS] Fulton Incs last annual dividend paid was $4.00 per share. The annual dividend is expected to grow consistently at 5%. The required rate of

[BUSINESS]

Fulton Incs last annual dividend paid was $4.00 per share. The annual dividend is expected to grow consistently at 5%. The required rate of return on the stock is 8%. What would be the estimated stock price per share according to the Discounted Dividend Model?

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