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Saturn Co . has just paid a dividend of $ 2 . 5 0 per share ( D 0 ) ; the dividends are expected

Saturn Co. has just paid a dividend of $2.50 per share (D0); the dividends are expected to grow at a constant rate of 3% per year forever. If the required rate of return on the stock is 15%, what is the current value on stock, after paying the dividend?

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