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Duke Energy (DUK) has just paid an annual dividend of $3.63 per share. If the expected constant growth rate for Duke Energy is 5.1 %

Duke Energy (DUK) has just paid an annual dividend of $3.63 per share. If the expected constant growth rate for Duke Energy is 5.1 % and your required rated of return is 12 %, how much are you willing to pay for this stock?

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