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You estimate that Jim Enterprises has a beta of 0.7 and that their next dividend will be $3.28. The risk free rate of return is

You estimate that Jim Enterprises has a beta of 0.7 and that their next dividend will be $3.28. The risk free rate of return is 1.3%, and the expected market risk premium is 6.5%. If you think the dividends will grow at 5.0% forever, what should the price of the company's stock be?

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