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The current stock price of Adelaida GmbH is 31 per share (end of 2018). The current dividend per share (for 2018) is 1.9. Suppose the

The current stock price of Adelaida GmbH is 31 per share (end of 2018). The current dividend per share (for 2018) is 1.9. Suppose the current cost of capital (k ) for Adelaida is 8% and the growth rate of its dividends is 3%. Calculate the constant -growth DDM value

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