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You are the CFO of a corporation that just paid a dividend of $1.75. Investors are requiring a 6% growth rate each year. The expected

You are the CFO of a corporation that just paid a dividend of $1.75. Investors are requiring a 6% growth rate each year. The expected rate of return for corporations of your size and ratings is 20%. Using the constant growth model, what is the value of the corporation's stock?

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