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Failing fast, inc. is expected to pay a dividend of $ 2 next year. If the companys dividends are expected to grow at a constant

Failing fast, inc. is expected to pay a dividend of $

2

next year. If the companys dividends are expected to grow at a constant rate of

4 %

per year forever and the required return on the stock is

8 %,

what is the firms stock price as of today?

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