Nekomancer5746 Nekomancer5746
  • 23-05-2023
  • Business
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A stock just paid $2.7 dividend yesterday. The dividend is expected to grow at 3.4% per year thereafter. If the required rate of return of the stock is 10.5%, then using the dividend discount model, the stock price should be _______. (Round your answer to two decimal places, such as 12.34).

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