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Marsh Co. has a market beta of 1.47. The Market Risk Premium is 8.8% and the risk-free rate is 2.65%. If Marsh Co. expects to

Marsh Co. has a market beta of 1.47. The Market Risk Premium is 8.8% and the risk-free rate is 2.65%. If Marsh Co. expects to payout a dividend of $3.36 and the market expects the dividends to grow my 2.92% per year, what is the value of a Marsh Co. stock if an investor uses the Constant Growth DDM?

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