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the most recent dividend paid by company J was 2 . 4 5 per share. You think dividends will grow at a constant rate of

the most recent dividend paid by company J was 2.45 per share. You think dividends will grow at a constant rate of 2.6% per year -i.e. the next dividend will be greater than the most recent one. Assume that the required rate of return for investors is 6.3%. According to the dividend discount model, what should be price per share?

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