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Question 9 2 points Save Answ Suppose the current dividends on a stock are 54.2 per share and dividends are expected to increase by 3%

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Question 9 2 points Save Answ Suppose the current dividends on a stock are 54.2 per share and dividends are expected to increase by 3% per year, forever. If the required rate of return is 8%, what is the value of the stock? (round your answer to 2 decimal places) Moving to another question will save this response. Question 9 of 27 11252

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