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The last dividend paid by firm XYZ was 2.53 per share. You expect dividends to arow at a constant rate of 2.8% per year in

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The last dividend paid by firm XYZ was 2.53 per share. You expect dividends to arow at a constant rate of 2.8% per year in perpetuity - L.e. the next dividend will be greater than the most recent one. The required rate of return of XYZ equity investors is 6.1%. What should be price per share according to the Dividend Discount Model

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