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You have the following information on the common stock of GoBuck Co., Inc. For the year ending today, earnings per share were $9.20, and from
You have the following information on the common stock of GoBuck Co., Inc. For the year ending today, earnings per share were $9.20, and from now on, dividends will grow at exactly 4.5% per year for the foreseeable future. The dividend payout ratio is 40%, and investors require a 10% annual return. What is the value of a share of stock today?
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