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Question 13 0 / 1 point A stock just paid a dividend of $8.85. The dividends are expected to decline at a rate of 5.7%

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Question 13 0 / 1 point A stock just paid a dividend of $8.85. The dividends are expected to decline at a rate of 5.7% for the foreseeable future. The required return of the stock is 11.7%. what is the value of the stock? answer in dollars and cents: as in 12.34 Answer: X (47.96)

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