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Show work not excel #28 A firm just paid a dividend of $2.83. The dividend is expected to grow at a constant rate of 2.50%

Show work not excel

#28 A firm just paid a dividend of $2.83. The dividend is expected to grow at a constant rate of 2.50% forever and the required rate of return is 10.00%. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places

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