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Golden Corp. has just now paid a dividend of $2 per share (Do); its dividends are expected to grow at a constant rate of 4%
Golden Corp. has just now paid a dividend of $2 per share (Do); its dividends are expected to grow at a constant rate of 4% per year forever. If the required rate of return on the stock is 9%, what is the current value of the stock, after paying the dividend? Round your answer to the nearest two decimals if needed. Do not type the $ symbol
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