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When the price at time period 0 = the expected dividend at the end of the first year divided by (the required rate of return

When the price at time period 0 = the expected dividend at the end of the first year divided by (the required rate of return minus the growth rate), calculate the price of stock given the following: The current dividend is $1.50 The required rate of return is 14% The growth rate is 8% answer using the format: $21.50.

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