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Suppose Sargrass is expected to pay a dividend of $ 3 . 0 0 per share forever into the futurebut has no growth opportunities whatsoever.

Suppose Sargrass is expected to pay a dividend of $

3.00

per share forever into the futurebut has no growth opportunities whatsoever. If the required return on Sargrasss stock is

12 %,

what is a share worth?

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