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Time left 1 : 5 9 : 4 2 Consider a company that is expected to maintain a constant dividend indefinitely with no anticipated growth

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Consider a company that is expected to maintain a constant dividend indefinitely with no anticipated growth in its dividend payments. Calculate the current value of a share of this company's stock if the dividend paid annually is $6 per share and the required rate of return for this type of investment is 8%.
Note: Write a whole number (i.e., there is no need for decimal places). Insert numerical values only. DO NOT include any signs such as $ or % or anything else. DO NOT include any alphabets.
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