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Question 20- A firm has experienced a constant annual rate of dividend growth of 7 percent on its common stock and expects the dividend per

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Question 20- A firm has experienced a constant annual rate of dividend growth of 7 percent on its common stock and expects the dividend per share in the coming year to be \$5.70. The firm can earn 15 percent on similar risk involvements. What is the value of the firm's common stock? [10 Points] Question 20- A firm has experienced a constant annual rate of dividend growth of 7 percent on its common stock and expects the dividend per share in the coming year to be \$5.70. The firm can earn 15 percent on similar risk involvements. What is the value of the firm's common stock? [10 Points]

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