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Suppose RenTech pays a set dividend per share of $4.19 per year, is expected to do so indefinitely, and investors believe the stock's price is

Suppose RenTech pays a set dividend per share of $4.19 per year, is expected to do so indefinitely, and investors believe the stock's price is based on its ability to pay dividends. If an investor expects a 8% return, how much will you expect the investor to pay for the stock?

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