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Question 14 (10 points) AMZ Company common stock is expected to pay a dividend of $2.60 next year and maintains a growth rate of 8

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Question 14 (10 points) AMZ Company common stock is expected to pay a dividend of $2.60 next year and maintains a growth rate of 8 percent per year indefinitely. If the required return on the stock is 13 percent, how much should investor pay for the stock now? Instruction: Round answer to two decimal places. Do not include $, positive (+), or negative (-) sign

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