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someone put just $40 and that is not the answer What would you pay...

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Accounting

imagesomeone put just $40 and that is not the answer

What would you pay for a share of common stock where the last dividend was $5 and that was expected to grow at - 4% per year indefinitely, assuming a 17% cost of equity? You would be willing to pay $| for a share of common stock. (Round to the nearest cent.)

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