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(Common stock valuation) Mosser Corporation common stock paid $1.32 in dividends last year and is expected to grow indefinitely at an annual 7 percent rate.

(Common stock valuation) Mosser Corporation common stock paid $1.32 in dividends last year and is expected to grow indefinitely at an annual 7 percent rate. What is the value of the stock if you require a return of 11percent?

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