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Suppose that a dividend of $ 3.25 per year was paid in the past period (t-1) and that the company has a constant growth of

Suppose that a dividend of $ 3.25 per year was paid in the past period (t-1) and that the company has a constant growth of 4.5%. Its required yield is 12%. What is the maximum price you would pay for the share of this company?

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