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Financial analysts forecast Safeco Corp (SAF) growth for the future to be 10%. Safeco's recent dividend was $1.20. What is the present value of Safeco

Financial analysts forecast Safeco Corp (SAF) growth for the future to be 10%. Safeco's recent dividend was $1.20. What is the present value of Safeco stock if the required rate of return is 12%? (TVM question.)

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