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Clinton Corporation is expected to pay a dividend of $3.90 next year and $5.20 the year after that. At this point (end of year 2

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Clinton Corporation is expected to pay a dividend of $3.90 next year and $5.20 the year after that. At this point (end of year 2 beginning of year 3) the growth rate in dividends is expected to be 0.04 into the foreseeable future. The required return on stock's of similar risk is 12%. What is the current price Po? Answer should be to nearest penny: ex: 20.32 Be sure to round correctly 20.326 would be 20.33 Your

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