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Question: The Let's Do Great On The Second Exam Company expects a constant growth in earnings and dividends of 4.5%/year into the foreseeable future. It is expected that the next dividend paid to stockholders will be $2.00/share. Currently the market of investors is demanding or requiring 12% on this investment. Show ALL work for full credit. What is the current value of the stock?

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Category:- Basic Finance
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