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Suppose that a company pays annual dividends that are expected to grow at a constant rate of 6 % per year forever. The company just
Suppose that a company pays annual dividends that are expected to grow at a constant rate of per year forever. The company just paid a dividend of $ If the market requires an annual return of on this stock, what should we expect the price to be in years? Keep AT LEAST decimal place on ALL intermediate steps. Express your final answer in dollars and cents rounded to decimal places
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