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QS5 A share of common stock has just paid a dividend of $5 (D.=$5). If the expected long-run growth rate for this stock is 5

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QS5 A share of common stock has just paid a dividend of $5 (D.=$5). If the expected long-run growth rate for this stock is 5 percent, and if investors require a 13 percent rate of return, what is the price of the stock? (If the answer is $12.34, enter 12.34)

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