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Your businesss dividend last year, D 0 , was $1.28. The business is expecting a growth rate in earnings and dividends of 6.5% in the

Your businesss dividend last year, D₀, was $1.28. The business is expecting a growth rate in earnings and dividends of 6.5% in the future, i.e., g = 0.065. What is the current price of the common stock today (P₀)? (10 points)

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