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Wallace Industries has recently paid a dividend of $2.15 on its common stock. The dividends of Wallace are expected to grow at 4.2% per year

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Wallace Industries has recently paid a dividend of $2.15 on its common stock. The dividends of Wallace are expected to grow at 4.2% per year indefinitely, If Investors require an 11.2% return on Wallace's stock, what would be the stock's value today? $38 521 532

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