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suppose you plan to invest in a different utility stock that will pay a $2 dividend for the life of the company. You expect the

suppose you plan to invest in a different utility stock that will pay a $2 dividend for the life of the company. You expect the dividend to grow by 2% per year, and similar stocks have an 8% required rate of retuurn. How much should the stock be worth today? using the following formula: Rc=[D0(1+g)/P0]+g

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