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ManningCo just paid a dividend of $4.45 and you expect future annual dividends will grow at a constant 4.6% every year indefinitely. If ManningCo's required

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ManningCo just paid a dividend of $4.45 and you expect future annual dividends will grow at a constant 4.6% every year indefinitely. If ManningCo's required rate of return is 12.0%, what is a fair price for the stock today? Round your answer to the nearest penny. Type your

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