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Header Motor Inc paid 3.32 dividends last year. At a constant growth rate of 4%, what is the value of the common stock if the investors require a 15% rate of return. The value of the common stock is…… ( round to the nearest cent)

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Header Motor Inc paid 3.32 dividends last year. At a constant growth rate of 4%, what is the value of the common stock if the investors require a 15% rate of return.

The value of the common stock is…… ( round to the nearest cent)

 
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