Campbell soup co cpb paid a 0822 dividend per share in 2003, Ask an Expert

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Campbell Soup Co. (CPB) paid a $0.822 dividend per share in 2003, which grew to $1.04 in 2006. This growth is expected to continue. What is the value of this stock at the beginning of 2007 when the required return is 9.9 percent? (Round the growth rate, g, to 4 decimal places. Round your final answer to 2 decimal places.)

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