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RoundAbout Corporation common stock paid $1.7 in dividends last year and is expected to grow its dividends indefinitely at an annual 3%. What is the
RoundAbout Corporation common stock paid $1.7 in dividends last year and is expected to grow its dividends indefinitely at an annual 3%. What is the value of the stock if you require an annual rate of return of 10%? Round your calculations to the nearest $0.01, i.e., two decimal places
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