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Zero-Growth Dividend Valuation Model] Suppose a company expects to pay a $3.00 common stock dividend per share and they do not expect to grow. Thus

 Zero-Growth Dividend Valuation Model] Suppose a company expects to pay a $3.00 common stock dividend per share and they do not expect to grow. Thus all future dividends are expected to be $3.00 per share.If investors require a 12% rate of return, what is the stock's value today?

d =

Ke = 12%

P0 =

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