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Corporation Z paid its last dividend at $1.15 Do). The dividend growth rate is expected to be constant at 7% forever. If the firm's required

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Corporation Z paid its last dividend at $1.15 Do). The dividend growth rate is expected to be constant at 7% forever. If the firm's required return is 11%, what is its current stock value? (Round the answer to two decimal places) (you MUST show your work to earn credit)

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