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Suppose that your company is expected to pay a dividend of $1.50 per share next year. There has been a steady growth in dividends of

Suppose that your company is expected to pay a dividend of $1.50 per share next year. There has been a steady growth in dividends of 5.1% per year and the market expects that to continue. What is the current price of the stock if the required return is 10%?

Price=

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