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You are considering whether you should buy a share of Globals common stocks. Global has just paid out a quarterly dividend of $0.50. Currently, you

You are considering whether you should buy a share of Globals common stocks. Global has just paid out a quarterly dividend of $0.50. Currently, you dont own a share, so you didnt get this dividend. You expect Globals dividend to increase by 1% every quarter, forever. Your discount rate is 12% APR. What is the price of the stock?

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