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(Common stock valuation) Herrera Motor Inc paid a $4 25 dividend last year. At a constant growth rate of 7 percent, what is the value

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(Common stock valuation) Herrera Motor Inc paid a $4 25 dividend last year. At a constant growth rate of 7 percent, what is the value of the common stock if the investors require a rate of return of 22 percent? The value of the Herrera Motor common stock is 5 (Round to the nearest cent)

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