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Helping Hand Hobby Stores has just paid an annual dividend of $1.20 a share. The company's policy is to increase the dividend at an annual

Helping Hand Hobby Stores has just paid an annual dividend of $1.20 a share. The company's policy is to increase the dividend at an annual rate of 5.4 percent. What's the current value of the stock using a discount rate of 9 percent?

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