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Problem 8-20 Value a Constant Growth Stock (LG8-5) Financial analysts forecast Limited Brands (LTD) growth rate for the future to be 8.5 percent. LTD's recent

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Problem 8-20 Value a Constant Growth Stock (LG8-5) Financial analysts forecast Limited Brands (LTD) growth rate for the future to be 8.5 percent. LTD's recent dividend was $0.40. What is the value of Limited Brands stock when the required return is 10.5 percent? (Round your answer to 2 decimal places.) Value of stock

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