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Investors expect Bozo Inc. to grow at a constant 5% indefinitely. If the next dividend is expected to be $5.87 and the required return is

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Investors expect Bozo Inc. to grow at a constant 5% indefinitely. If the next dividend is expected to be $5.87 and the required return is 9.1%, what is the market price of Bozo? The market price of Bozo's stock is $| (Round to the nearest cent.)

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