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Stock B is expected to pay a quarterly dividend of $1.2 per share next quarter (in exactly one quarter from today), and dividend growth rate
Stock B is expected to pay a quarterly dividend of $1.2 per share next quarter (in exactly one quarter from today), and dividend growth rate is expected to be 1% per quarter. The stock is currently trading at $24 per share and investors discount at 6%. If the firm increases the dividend growth rate to 2% per quarter, the stock price should increase by $_______Answer. (Please fill in a number and keep one decimal place)
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