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The company is expected to pay out 3 EUR as dividends, next year. What is the fundamentally correct value for the company stock if the

The company is expected to pay out 3 EUR as dividends, next year. What is the fundamentally correct value for the company stock if the dividends are expected to grow 2.0% a year and the required return of stock investors is 12%.

(Please round up your answer to the nearest full number. For example answer 80.213 should be presented as 80)

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