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Stability Inc. is expected to pay a dividend of $5 per share at the end of the current year. Dividends are expected to grow at

Stability Inc. is expected to pay a dividend of $5 per share at the end of the current year. Dividends are expected to grow at a constant rate of 6% per year. If investors require a 12% rate of return on similar investments, determine the presentvalue of the companys stock.

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