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The investment-banking firm of Syria & Associates will use a dividend valuation model to appraise the shares of the Lebanon Corporation. Dividends (D1) at the

The investment-banking firm of Syria & Associates will use a dividend valuation model to appraise the shares of the Lebanon Corporation. Dividends (D1) at the end of the current year will be P 1.20. The growth rate (g) is 9 percent and the discount rate (K) is 13 per cent. What should be the price of the stock to the public?

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