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World-Tour Company has just now paid a dividend of $4.18 per share (Div0); its dividends are expected to grow at a constant rate of 6

World-Tour Company has just now paid a dividend of $4.18 per share (Div0); 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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