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Use the Dividend Growth Model to compute the expected price of a stock today. Each share just paid a dividend of $3.07. Investors' annual required

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Use the Dividend Growth Model to compute the expected price of a stock today. Each share just paid a dividend of $3.07. Investors' annual required rate of return is 16.8%, and the expected growth rate of the dividend is 3.7% per annum. Answer to the nearest penny

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