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If next year's dividend is forecast to be $1.25 (DIV1= $1.25), the constant-growth rate is 3% (so g= 0.03), and the discount rate 8% (

If next year's dividend is forecast to be $1.25 (DIV1= $1.25), the constant-growth rate is 3% (so g= 0.03), and the discount rate 8% ( that is, r = 0.08), then what should be the current price of this stock (P0)?

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