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The Franklin Company pays a dividend of $1.05 at t=0.and proceeds to have a constant growth of 3.1 percent into the future. Financial analysts think

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The Franklin Company pays a dividend of $1.05 at t=0.and proceeds to have a constant growth of 3.1 percent into the future. Financial analysts think the Franklin Company should have a required return of 8.7 percent. What should be its stock price

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