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economics questions [Related to Solved Problem 6.2] Suppose that Coca-cola is currently paying a dividend of $2.88 per share, the dividend is expected to grow

economics questions

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[Related to Solved Problem 6.2] Suppose that Coca-cola is currently paying a dividend of $2.88 per share, the dividend is expected to grow at a rate of 6% per year, and the rate of return investors require to buy Coca-Cola's stock is 10%. Calculate the price per share for Coca-Cola's stock The price per share of Coca-cola stock is $ . (Round your response to two decimal places.)

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