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Newco paid a $0.25 annual dividend in 2019 and expects to pay $0.265 in 2020. Assuming a 6% growth rate and a required rate of

Newco paid a $0.25 annual dividend in 2019 and expects to pay $0.265 in 2020. Assuming a 6% growth rate and a required rate of return of 10%, calculate the value of Newcos stock.

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