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Suppose that a company is expected to pay a dividend per share of $30 per year forever. If investors require a rate of return of
Suppose that a company is expected to pay a dividend per share of
$30
per year forever. If investors require a rate of return of
11%
to invest in this stock, what is its price?
The stock price is
$? enter your response here.
(Round your response to two decimal places.)
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