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Johsnon company. is expected to pay a $1.87 dividend this year (D0 = $1.87), and the dividend is expected to grow at a constant rate

Johsnon company. is expected to pay a $1.87 dividend this year (D0 = $1.87), and the dividend is expected to grow at a constant rate of 4.50% a year forever. The required rate of return (rs) on the stock is = 8.5%. What is the current price of the stock for Friar Cruise Line?

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