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Over the last five years a company has paid $ 3 . 0 0 , $ 3 . 0 4 , $ 3 . 1

Over the last five years a company has paid $3.00, $3.04, $3.11, $3.20, and $3.29 as dividends. Using the Gordon Model, about what would this dividend stock be worth to someone requiring a 11% rate of return?

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