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Show the work please. # 23 A firm just paid a dividend of $3.31. The dividend is expected to grow at a constant rate of

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Show the work please.

# 23 A firm just paid a dividend of $3.31. The dividend is expected to grow at a constant rate of 2.59% forever and the required rate of return is 14.61%. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places

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