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World - Tour Company has just now paid a dividend of $ 3 . 7 3 per share ( Divo ) ; its dividends are

World-Tour Company has just now paid a dividend of $3.73 per share (Divo); its dividends are expected to grow at a constant rate of 6 percent per year forever. If the required rate of return on the stock is 16 percent, what is the current value of the stock, after paying the dividend?
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$62
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