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Comprehensive Problems 1. The Francis Company just paid a dividend $1.25 per share (D0=1.25), and that dividend is expected to grow at a constant rate

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Comprehensive Problems 1. The Francis Company just paid a dividend $1.25 per share (D0=1.25), and that dividend is expected to grow at a constant rate of 6.00% per year in the future. Required rate of return on the company's stock is 14.5%. What is supposed to be the company's current stock price? (4 points)

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