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Carte Blanche, Inc. has just paid its common shareholders an annual $3.40 dividend. The company has pledged to increase its dividend by 2% per year
Carte Blanche, Inc. has just paid its common shareholders an annual $3.40 dividend. The company has pledged to increase its dividend by 2% per year indefinitely going forward. If your required rate of return for this stock is 14%, what value would you place on the stock today? Round you answer to dollars and cents
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