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You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4.5 percent indefinitely The company just paid a

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You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4.5 percent indefinitely The company just paid a dividend of $3.44 and you feel that the required return on the stock is 11.1 percent. What is the price per share of the company's stock

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