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The Row Co . has just now paid a dividend of $ 6 . 5 0 per share ( D 0 ) ; the dividends

The Row Co. has just now paid a dividend of $6.50 per share (D0); the dividends are expected to grow at a constant rate of 6% per year forever. If the required rate of return on the stock is 16%, what is the current value of stock, after paying the dividend?

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