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Mennokey Corp. common stock just paid a dividend of $6.15 per share at the end of last year, which is expected to grow at 4.3%
Mennokey Corp. common stock just paid a dividend of $6.15 per share at the end of last year, which is expected to grow at 4.3% per year indefinitely. Analyst believe that the required rate of return on the corporations common stock is 17.0%. Based on the constant dividend growth model, how much should you be willing to pay for the stock ?
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