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Porky's Sausages is a constant-growth stock. Its required rate of return is 12% and the growth rate is 8%. Porky's next dividend is expected to
Porky's Sausages is a constant-growth stock. Its required rate of return is 12% and the growth rate is 8%. Porky's next dividend is expected to be $2.10. Using the discounted-dividend model for a constant-growth stock, what is the price of this stock today?
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