Question: Suppose the current dividends on a stock are $2.0 per share and dividends are expected to increase by 2% per year, forever. If the

Suppose the current dividends on a stock are $2.0 per share and

Suppose the current dividends on a stock are $2.0 per share and dividends are expected to increase by 2% per year, forever. If the required rate of return is 7%, what is the value of the stock? (round your answer to 2 decimal places) Activate Windows

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