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What's your opinion of the price of 50 shares of stock if the board of directors recently announced the next quarterly dividend will be $0.65

What's your opinion of the price of 50 shares of stock if the board of directors recently announced the next quarterly dividend will be $0.65 per share and the required rate of return should be 13.2% per year, and that the growth rate of the company will average 1.25% per quarter?

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