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plz fast replay Question 6 of 27 stion 6 2 points Save Suppose the current dividends on a stock are $2.5 per share and dividends

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Question 6 of 27 stion 6 2 points Save Suppose the current dividends on a stock are $2.5 per share and dividends are expected to increase by 2% per year, forever. If the required rate of return is 7%, what is the value of t tock? (round your answer to 2 decimal places)

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