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Boehm incorporated is expected to pay 3.70 per share at the end of the year....

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Accounting

Boehm incorporated is expected to pay 3.70 per share at the end of the year. The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock is 11%. What is the estimated value per share of Boehm's stock. round to the nearest cent

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