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(Common stockvaluation) GillilandMotor, Inc., paid a $3.88 dividend last year. IfGilliland's return on equity is 35 percent, and its retention rate is 37 percent, what
(Common stockvaluation) GillilandMotor, Inc., paid a $3.88 dividend last year. IfGilliland's return on equity is 35 percent, and its retention rate is 37 percent, what is the value of the common stock if the investors require a rate of return of 22 percent?
The value of the common stock is $____ (Round to the nearestcent.)
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