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Financial analysts forecast Safeco Corp. ( SAF ) growth for the future to be 1 0 percent. Safeco's recent dividend was $ 1 . 2

Financial analysts forecast Safeco Corp.

(

SAF

)

growth for the future to be

10

percent. Safeco's recent dividend was $

1.20 .

What is the fair present value of Safeco stock if the required rate of return is

12

percent?

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