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Dechambeau Inc is a mature m nufacturing firm. The company just paid a dividend of $ 3 . 7 5 , but management expects to

Dechambeau Inc is a mature mnufacturing firm. The company just paid a dividend of $3.75, but management expects to reduce the payout by 6 percent per year indefinitely. The stock's beta is 1.54, risk-free rate is 4.2%, and the return on the market is 10.0%, then what will you pay for a share today?
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