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Suppose a firm just paid $290 million dollars in total dividends. You expect future dividends to grow at a constant rate of 4.28% per
Suppose a firm just paid $290 million dollars in total dividends. You expect future dividends to grow at a constant rate of 4.28% per year, forever. If the required return by shareholders is 13.62%, what is the price of the stock? (Assume that there are 131 million shares outstanding)
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