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The Bora Bora Corporation just paid a $2.25 dividend YESTERDAY. If dividends are expected to grow at 4% forever and Bora Bora will pay dividends

The Bora Bora Corporation just paid a $2.25 dividend YESTERDAY. If dividends

are expected to grow at 4% forever and Bora Bora will pay dividends at the end of every yearinto eternity, what is the value of Bora Bora stock TODAY if the required return on the stock is12%?

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