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Moon Inc. paid a dividend of $3 this year. The dividends you expect to grow at 3% a year forever. The risk free rate is

Moon Inc. paid a dividend of $3 this year. The dividends you expect to grow at 3% a year forever. The risk free rate is 3% and you require a risk premium of 5%. What is the value of the stock based on the dividend discount model? (10 points)? If the price of the stock in the market is $60 a share, should you buy it and why?

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