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Posted on Jul 23, 2024

WSUFIN Inc. does not expect to grow in the next several years. Its last annual dividend was $ 4 . 2 5 . If the

WSUFIN Inc. does not expect to grow in the next several years. Its last annual dividend was $

4.25 .

If the required rate of return on similar investments is

12

percent, how much should we pay for the stock today?

(

Round the answer to two decimal places.

)

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