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Xeroc Inc. has paid $2.00 common stock dividend on November 1, 2018 and accepted a plan to increase it 5% every year. What is the

Xeroc Inc. has paid $2.00 common stock dividend on November 1, 2018 and accepted a plan to increase it 5% every year. What is the value of this common stock if the required rate of interest is 15 percent?

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