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The expected next year earnings per share for stock BCD is $2.00. The expected next year dividends per share (d 1 ) for stock BCD

The expected next year earnings per share for stock BCD is $2.00. The expected next year dividends per share (d1) for stock BCD is $1.50. Stock BCDs annual Return on Equity is 8% and annual Cost of Equity (ke) is 9%. What is the cash-cow value of BCDs stock's price per share today, based on the constant growth model?

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