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Connect Only Problem 8-14 Constant Growth Stock Valuation (LG8-5) Campbell Supper Company paid a $0.722 dividend per share in 2013 , which grew to $0.89

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Connect Only Problem 8-14 Constant Growth Stock Valuation (LG8-5) Campbell Supper Company paid a $0.722 dividend per share in 2013 , which grew to $0.89 in 2016 . This growth is expected to continue. What is the value of this stock at the beginning of 2017 when the required return is 8.9 percent? Note: Round the growth rate, g, to 4 decimal places. Round your final answer to 2 decimal places

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