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Suppose Disney forecasts to pay a $1.76 dividend next year, which represents 100% of its...

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Finance

Suppose Disney forecasts to pay a $1.76 dividend next year, which represents 100% of its earnings. This will provide investors with a 12.3% expected return. Given the COVID-19 impact on the parks, assume no growth. What is the Stock Price?

State your answer to the hundredth decimal point (x.xx)

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