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If Verizon Communications Inc. (VZ) plans to pay $2.56 per share in dividends in the coming year. Its equity cost of capital is 7%. Dividends

If Verizon Communications Inc. (VZ) plans to pay $2.56 per share in dividends in the coming year. Its equity cost of capital is 7%. Dividends are expected to grow by 1% per year in the future. Estimate the value of AT&Ts stock price.

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