Company A just paid a dividend of $4 on its common stock. Dividends are expected...
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Accounting
Company A just paid a dividend of $4 on its common stock. Dividends are expected to grow at 7%. Investors have historically required a return of 11% on the common stock. However, recent sentiment has shifted and investors now require a return of 15% on Company A's common stock. What is the estimated value of the common stock?
The estimated value of the stock is $___. (Round to the nearest cent.)
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