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If Granite Mercantile just paid an annual dividend of $1.29 a share, expects to pay dividends forever and expects to increase the dividend by 4.9
If Granite Mercantile just paid an annual dividend of $1.29 a share, expects to pay dividends forever and expects to increase the dividend by 4.9 percent annually. Stocks similar to Granite Mercantile have an expected return of 11.6 percent. What is the current value of this stock?
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