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You are evaluating a company's stock. The stock just paid a dividend of $1.50. Dividends are expected to grow at a constant rate of 7

You are evaluating a company's stock. The stock just paid a dividend of $1.50. Dividends are expected to grow at a constant rate of 7 percent. The required rate of return on the stock is 15 percent. What is the price or value of the stock

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