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Problem 4. (20 points) TB Company is expected to pay a $1.75 per share dividend at the end of the year. The dividend is expected

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Problem 4. (20 points) TB Company is expected to pay a $1.75 per share dividend at the end of the year. The dividend is expected to grow at a constant rate of 5% a year. The required rate of return on the stock is 12%. What is the stock's current value per share

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