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Question 10 3.34 pts Using the dividend discount model, what is the price of a stock that just paid a quarterly dividend of $0.94 per

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Question 10 3.34 pts Using the dividend discount model, what is the price of a stock that just paid a quarterly dividend of $0.94 per share, if investors require a return of 16% APR .compounded quarterly and expect dividend to grow at a rate of 6% APR compounded quarterly, forever? internet in dollars and cents, rounded to the nearest cent

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