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ETP Corp. paid an annual dividend last year of 20 per share. The company follows a policy to raise dividends each year by 4% The

ETP Corp. paid an annual dividend last year of 20 per share. The company follows a policy to raise dividends each year by 4% The company will be in business for 10 years and not have a liquidating dividend . The required rate of return for this investment is12 % . What is the price of this stock today?

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