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Suppose me current dividends on a stock are $4.8 per share and dividends are expected to increase bv 3% per vear. forever. If the required

Suppose me current dividends on a stock are $4.8 per share and dividends are expected to increase bv 3% per vear. forever. If the required rate of return is 9%, what is the value of the stock? (round your answer to 2
Decimal places)

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