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The value of a stock that pays a constant dividend of $ 2 . 0 9 per year when the required return is 1 5

The value of a stock that pays a constant dividend of $2.09 per year when the required return is 15% should be $____(12)____? What if the company decides to increase dividends by 3% per year, starting with the next dividend? Assume that the required return will be at 15.09%, the value of the stock should be $

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