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Tomer Corp. will pay a $4.50 dividend next year and expects to increase its dividend payout by 4.00% per year thereafter. If the required rate

Tomer Corp. will pay a $4.50 dividend next year and expects to increase its dividend payout by 4.00% per year thereafter. If the required rate of return on Tomer is 13.50%, how much should Tomer stock cost today

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