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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

(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 18 percent?

The value of the Herrera Motor common stock is $ __?

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