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Cummins Corporation pays an annual dividend of $5.18 per share, which is expected to remain constant forever. What is the value of Cummins Corporation's

Cummins Corporation pays an annual dividend of $5.18 per share, which is expected to remain constant forever. What is the value of Cummins Corporation's stock to an investor who requires a 22% percent rate of return? $23.55. $6.32. $27.67. $34.09.

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