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Fleishmann, Inc. just paid a $2 annual dividend (D0) on its common stock. The dividend is expected to increase at 8% per year indefinitely.
Fleishmann, Inc. just paid a $2 annual dividend (D0) on its common stock. The dividend is expected to increase at 8% per year indefinitely. If the required rate of return is 16%, what is the stock's value (P0)?