Quantitative Problem 1: Hubbard Industries just paid a common dividend, D0, of $1.90. It expects to grow
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Quantitative Problem 1: Hubbard Industries just paid a common dividend, D0, of $1.90. It expects to grow at a constant rate of 2% per year. If investors require a 12% return on equity, what is the current price of Hubbard's common stock? Do not round intermediate calculations. Round your answer to the nearest cent. $ per share
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