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The next year the common stock of Gold Corp. will pay a dividend

/in /by

The next year the common stock of Gold Corp. will pay a dividend of
$3.78 per share. If the company is growing at a rate of 2.00 percent per year, and your required rate of return is 13.90 percent, what is Gold’s company stock worth to you?
Round the answer to two decimal places.

 
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