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Samsung Co. just paid a dividend of $3.50. The dividend is paid on annual basis. The required annual rate of return is 12 percent. If

  1. Samsung Co. just paid a dividend of $3.50. The dividend is paid on annual basis. The required annual rate of return is 12 percent. If the dividend is expected to grow at 2 percent every year, what should be the stock price? (5 points)

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