ASD Corp. will pay a dividend of $1.4 on each of its common shares next...
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ASD Corp. will pay a dividend of $1.4 on each of its common shares next year. The company has stated that it will maintain a constant growth rate of 5.8% per year forever. If you require 7.3% return to invest in ASD stock (and assuming you agree with ASD's growth projections), how much will you pay per share? (Do not include the dollar sign ($). Round your answer to 2 decimal places (e.g., 32.16).)
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