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# Find the value of a stock that is expected to pay a dividend next year of $2.40, and for which analysts forecast growth rates that will continue to...

Find the value of a stock that is expected to pay a dividend next year of $2.40, and for which analysts forecast growth rates that will continue to be 6% a year into the foreseeable future. Assuming your required return is 14% to hold that company's stock, what is the current value?

$31.20

$32.40

$30.00

$29.80