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Failing Fast, Inc. is expected to pay a dividend of $ 2 next year. If the company's dividends are expected to grow at a constant

Failing Fast, Inc. is expected to pay a dividend of $

2

next year.

If the company's dividends are expected to grow at a constant

rate of

4 %

per year forever and the required return on the stock

8 %,

what is the firm's stock price as of to day?

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