Question: Durango will pay a $7.50 dividend next year. Future dividends are expected to grow at 6.00%. If the market required rate of return on Durango

Durango will pay a $7.50 dividend next year. Future dividends are expected to grow at 6.00%. If the market required rate of return on Durango common stock is 15.00%, what is the current market value of a share of Durango? Round to the nearest cent. That is two decimal places. Do NOT use a dollar sign. Your

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