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QUESTION 14 A company has stock that just paid a $4.5 per share dividend. The dividend is expected to grow at 17% over the next

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QUESTION 14 A company has stock that just paid a $4.5 per share dividend. The dividend is expected to grow at 17% over the next year and then grow at a constant 3% per year forever. If the stock's required return is 10%, how much should you be willing to pay for a share of the stock? Round your final wer to two decimal places (don't round intermediate calculations)

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