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Please work out Problem The Isberg Company just paid a dividend of $0.65 per share, and that dividend is expected to grow at a constant

Please work out Problem

The Isberg Company just paid a dividend of $0.65 per share, and that dividend is expected to grow at a constant rate of 5.50% per year in the future. The company's beta is 1.30, the market risk premium is 5.00%, and the risk-free rate is 3.00%. What is the company's current stock price, P₀? Do not round intermediate calculations.

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