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Calculate what the stock of a toy company by the name of Peter Rabbit Union should be selling for if the company just paid $4.70
Calculate what the stock of a toy company by the name of Peter Rabbit Union should be selling for if the company just paid $4.70 per share in dividends, and the dividends are expected to grow at a constant growth rate of 6.3% per year forever. The required rate of return is 16.4%. Round the final answer to two decimal places.
$54.65
$49.47
$43.60
$29.61
$22.01
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