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(CH7 Problem 1) Jane, Inc. just paid a dividend of $2.00 per share on its stock. The dividends are expected to grow at a constant

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(CH7 Problem 1) Jane, Inc. just paid a dividend of $2.00 per share on its stock. The dividends are expected to grow at a constant rate of 5.8 percent per year, indefinitely. If investors require a 9.8 percent return on Jane stock, what will the price be in 20 years? Do not round intermediate computations. Round your answer to the nearest penny

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