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Suppose Nabisco Corporation just issued a dividend of $1.54 per share yesterday. Subsequent dividends will grow at a constant rate of 5.21% indefinitely. If the
Suppose Nabisco Corporation just issued a dividend of $1.54 per share yesterday. Subsequent dividends will grow at a constant rate of 5.21% indefinitely. If the required rate of return for this stock is 13.01%, what is the value of a share of common stock today? Once you have completed all calculations, please round your answer to two decimal places.
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