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Nynet, Inc., paid a dividend of $3.80 last year. The company's management does not expect to increase its dividend in the foreseeable future. If the

Nynet, Inc., paid a dividend of $3.80 last year. The company's management does not expect to increase its dividend in the foreseeable future. If the required rate of return is 14.5 percent, what is the current value of the stock?

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