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The FIN 3 4 0 Company has a required return of 9 % per year on its stock, stock analysts are forecasting it will pay

The FIN340 Company has a required return of 9% per year on its stock, stock analysts are forecasting it will pay a dividend of $8.24 per share exactly one year from today, and the future dividend growth rate is expected to be 4% per year - What should be the current per share value of this stock using the Dividend Discount (Constant Growth) Model?"

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