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Weber Bungee Cords Inc has perpetual stock outstanding that pays a dividend of $3.02 at the end of each year. The required rate of return

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Weber Bungee Cords Inc has perpetual stock outstanding that pays a dividend of $3.02 at the end of each year. The required rate of return on this stock is 5.4%. What is the stock's intrinsic value? Entor your answer as a number with two decimal places of precision (ie 123) Do not enter dollar signs or commas

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