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Suppose that Coca-Cola is currently paying a dividend of 2.88$ per share, the dividend is expected to grow at a rate of 6% per year,
Suppose that Coca-Cola is currently paying a dividend of 2.88$ per share, the dividend is expected to grow at a rate of 6% per year, and the rate of return investors require to buy Coca-Cola's stock is 11%. Calculate the price per share for Coca-Cola's stock. The price per share of Coca-Cola stock is $ nothing.
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