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Stagnant Iron and Steel currently pays a $ 1 2 . 2 5 annual cash dividend ( D 0 ) . The company plans to
Stagnant Iron and Steel currently pays a $ annual cash dividend D The company plans to maintain the dividend at this level for the foreseeable future as no future growth is anticipated. If the required rate of return by common stockholders Ke is percent, what is the price of the common stock?
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