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Question 6 1 pts A company has just paid a dividend of $ 6 . 8 per share for its common stock. The dividends are

Question

6

1

pts

A company has just paid a dividend of $

6.8

per share for its common stock. The dividends are expected to grow at a constant rate of

3 %

per year forever. Investors expect to earn a

6 %

return on the stock. What is the value of the stock today

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