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Shatin has shares , an equity cost of capital 11and is expected to pay a total dividend of $25 million each year foreverIt announces that

Shatin has shares , an equity cost of capital 11and is expected to pay a total dividend of $25 million each year foreverIt announces that increase payout to shareholders of increasing its dividendwill keep constant and will start repurchasing 12 million of stock each year as well . How much will its stock price increase? image text in transcribed
The stack frose wit increase by 1 (Round to the nearest cent.)

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