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Suppose NoGro, Inc has just issued a dividend of $2.90 per share. Subsequent dividends will remain at $2.90 indifinitely. If the required return on the

Suppose NoGro, Inc has just issued a dividend of $2.90 per share. Subsequent dividends will remain at $2.90 indifinitely. If the required return on the company's stock is 15%, what is the current value of one share of NoGro's stock?

please show calculations.

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