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Investors forecast that Aardvark Corporation will pay a $3.00 per share annual dividend in one year after which the dividend will grow at an annual
Investors forecast that Aardvark Corporation will pay a $3.00 per share annual dividend in one year after which the dividend will grow at an annual rate of 6.5% for the foreseeable future. If investors require a 9% return on Aardvark stock, what is one share worth?
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