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PerfectTiming Corporation's common stock will pay $4.0 in dividends this year and is expected to grow its dividends indefinitely at an annual 6%. What is

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PerfectTiming Corporation's common stock will pay $4.0 in dividends this year and is expected to grow its dividends indefinitely at an annual 6%. What is the value of the stock if you require an annual rate of return of 11%? Round your calculations to the nearest $0.01. le, two decimal places

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