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Lyft has just paid a dividend of $31 per stock. You expect Lyft to grow...

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Finance

Lyft has just paid a dividend of $31 per stock. You expect Lyft to grow at a constant rate of 5% indefinitely. If you require 11% return on a Lyft stock, how much are you willing to pay (in $) for the stock? Round your answer to at least 2 decimal places.

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