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Mansfield Ski Resort has grown at a constant rate of 4% for as long as it has been in business. This growth rate is expected
Mansfield Ski Resort has grown at a constant rate of 4% for as long as it has been in business. This growth rate is expected to continue long into the future. A couple of days ago, Mansfield paid common stockholders a dividend equal to $3 per share. If investors require a 10% rate of return to purchase Mansfield's common stock, what is the market value of its common stock?
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