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Related to Checkpoint 10.1)(Common stock valuation) Header Motor, Inc., paid a $3.01 dividend last year. At a constant growth rate of 6 percent, what is

Related to Checkpoint 10.1)(Common stock valuation) Header Motor, Inc., paid a $3.01 dividend last year. At a constant growth rate of 6 percent, what is the value of the common stock if the investors require a 14 percent rate of return? The value of the common stock is $ nothing. (Round to the nearest cent.)

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