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Posted on Aug 26, 2024

just paid a dividend of $ 2 . 2 5 . If the expected long - run growth rate for this stock is 6 %

just paid a dividend of $

2.25 .

If the expected long

-

run growth rate for this stock is

6 %,

and if investors' required rate of return is

12 %,

what is the stock price?

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