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Suppose your company is expected to grow at a constant rate of 4 percent long into the future. In addition, its dividend yield is expected
Suppose your company is expected to grow at a constant rate of 4 percent long into the future. In addition, its dividend yield is expected to be 7 percent. If your company expects to pay a dividend equal to $1.62 per share at the end of the year, what is the value of your firm's stock? Round your answer to the nearest cent
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