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Digital Industries paid a dividend of $2.00 per share of stock recently and expects to grow the dividend by 3% next year and beyond. Assuming
Digital Industries paid a dividend of $2.00 per share of stock recently and expects to grow the dividend by 3% next year and beyond. Assuming a discount rate of 7%, how much value in the current stock price is attributable to the growth rate? Answer should be rounded to the nearest cent, e.g., $1.23"
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