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The Zily Company's common stock is expected to pay a cash dividend of $ 3 . 0 0 in the coming year. If investors require

The Zily Company's common stock is expected to pay a cash dividend of $

3.00

in the coming year. If investors require a

11 %

return and the historical growth rate of the common stock dividend has been

6 %,

what is the expected market value of the Lily Company's common stock?

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