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XYZ Corporation's beta is calculated 1.50. The corporation paid $1.35 dividend last year. The growth rate in XYZ's earnings and dividends is estimated 10.00% for

XYZ Corporation's beta is calculated 1.50. The corporation paid $1.35 dividend last year. The growth rate in XYZ's earnings and dividends is estimated 10.00% for the next 5 years, after which the growth rate will be 3.00%. The risk-free rate of return is 6.00%, and XYZ's management estimates that the market return is 12.00%. Calculate the current common stock price of the corporation.

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