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MSFT will pay a constant dividend of $4 per share, per year, in perpetuity. If all investors pay 5 a 25% tax on dividends, there

MSFT will pay a constant dividend of $4 per share, per year, in perpetuity. If all investors pay 5 a 25% tax on dividends, there is no capital gains tax, and the cost of capital for investing in MSFT stock is 10%, what is the price for a share of MSFT stock?

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