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Caitlin Inc. will pay a dividend of $ 5 next year. Dividends are expected to grow at 4 % after next year's dividend. The required

Caitlin Inc. will pay a dividend of $5 next year. Dividends are expected to grow at 4% after next year's dividend. The required rate of return for similar stocks is 12%. What is the current value of Caitlin Inc. stock?

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