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The most recent dividend paid by company J was 3 . 6 6 per share. You think dividends will grow at a constant rare of

The most recent dividend paid by company J was 3.66 per share. You think dividends will grow at a constant rare of 2.8% 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 6.8%. According to the dividend discount model, what should be price per share?

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