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Question 21 Suppose the current dividends on a stock are $2.8 per share and dividends are expected to increase by 3% per year, forever. If

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Question 21 Suppose the current dividends on a stock are $2.8 per share and dividends are expected to increase by 3% per year, forever. If the required rate of return is 7%, what is the value of the stock? (round your answer to 2 decimal places) Finn 28

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