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Company A just paid a dividend of $3 on its common stock. Dividends are expected to grow at 6%. Investors have historically required a return
Company A just paid a dividend of $3 on its common stock. Dividends are expected to grow at 6%. Investors have historically required a return of 12% on the common stock. However, recent sentiment has shifted and investors now require a return of 14% on Company A's common stock. What is the estimated value of the common stock?
Question- The estimated value of the stock is
(Round to the nearest cent)
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