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Company is expected to pay a dividend of $2 on their common stock next year. Dividends are growing at a constant rate of 3% per

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Company is expected to pay a dividend of $2 on their common stock next year. Dividends are growing at a constant rate of 3% per year, and investors require a return of 8% on the stock. What is the value of Company's common stock? Do not use a dollar sign in your answer. Numeric Response 40 D

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