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Sunup Ski Resort has grown at a constant rate, which equals 5%, for as long as it has been in business. This growth rate is
Sunup Ski Resort has grown at a constant rate, which equals 5%, for as long as it has been in business. This growth rate is expected to continue long into the future. A couple of days ago, the company paid shareholders a dividend equal to $4 per share. If investors require a 8 percent rate of return to purchase Hunters common stock, what is the market value of its common stock using the constant growth model?
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