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MECCS Inc. stock paid its annual dividends of $5.70 per share yesterday. The dividend is expected to decrease at a constant rate of 3 percent

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MECCS Inc. stock paid its annual dividends of $5.70 per share yesterday. The dividend is expected to decrease at a constant rate of 3 percent per year indefinitely. Investors require a rate of return of 8.60 percent on the stock. How much should one share of the stock be priced today

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