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

Financial analysts forecast Safeco Corporation

(

SAF

)

growth rate for the future to be

12

percent. Safeco

s recent dividend was $

1.60 .

What is the value of Safeco stock when the required return is

14

percent?

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