Mirage Construction Inc. recently paid an annual dividend of $1.90. The company expects to pay...
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Mirage Construction Inc. recently paid an annual dividend of $1.90. The company expects to pay a dividend of $2.28 one year from today, after which dividends will grow at 2% per year forever. How much is one share of Mirage's stock worth today if the required rate of return is 14%? Please enter your answer with 2 decimal places. Do not use commas or units. Your
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