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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 6%. Dividends

  1. If Verizon Communications Inc. (VZ) plans to pay $2.56 per share in dividends in the coming year. Its equity cost of capital is 6%. Dividends are expected to grow by 1% per year in the future. Estimate the value of Verizons stock price.

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