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Incom Corporation's most recent dividend D 0 was $1.11, and thanks to their exclusive contract to manufacture and T-65B's, they anticipate constant growth at a

Incom Corporation's most recent dividend D0 was $1.11, and thanks to their exclusive contract to manufacture and T-65B's, they anticipate constant growth at a rate of 4.2 percent into the future.

Assuming you won't pay more per share than a stock is worth, what is the fair value of the stock if the required return (rs) = 11.9 percent?

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