Question: Lento Corp common stock pays dividends annually, and is expected to pay a per - share dividend of $ 3 . 2 5 one year

Lento Corp common stock pays dividends annually, and is expected to pay a per-share dividend of $3.25 one year from now. The companys dividends are expected to grow at a constant rate of 4.25% for the foreseeable future. Investors require a return of 9.5% on Lento stock. What should each share of Lento Corp common be trading for today?

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