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Financial analysts forecast CM's dividend growth for the future to be 5 percent. Their recent dividend was $4.00. What is the value of their stock

Financial analysts forecast CM's dividend growth for the future to be 5 percent. Their recent dividend was $4.00. What is the value of their stock when the required rate of return is 12.0 percent? $60.00 $8000 $68.25 $72.50

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