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Cole, Inc., will pay $2.50 per share in cash dividend. The dividends are anticipated to maintain a growth rate of 5.75 percent forever. Assume the

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Cole, Inc., will pay $2.50 per share in cash dividend. The dividends are anticipated to maintain a growth rate of 5.75 percent forever. Assume the stock currently sells for $48.60 per share. Then The current price of the stock shall be (Do not round intermediate calculations and enter your answer as a percent Founded to 2 decimal places) Numeric Response

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