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LB Corp. has been growing at a rate of 8% per year in recent years. This same growth rate is expected to last indefinitely. The

LB Corp. has been growing at a rate of 8% per year in recent years. This same growth rate is expected to last indefinitely. The dividend just paid (D0) was $8.9 and the required rate of return is 11%. What is the value in year 4 of the dividend paid in that year? (what is D4, round to two decimals)

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