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GOOD ANSWER PLEASeee A stock has just paid a dividend and has declared an annual dividend of $2.00 to be paid one year from today.

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A stock has just paid a dividend and has declared an annual dividend of $2.00 to be paid one year from today. The dividend is expected to grow at a 5% annual rate. The return on equity for similar stocks is 12%. What is P0? (Show workings)(Points : 20)

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