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You are considering investing in stock W. It has just paid a dividend of 6...

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Accounting

You are considering investing in stock W. It has just paid a dividend of 6 and you estimate that dividends in the company will grow at a rate of 9% per annum. Dividends are paid annually. Assume that the expected rate of return for this stock is 3.5%. The fair price of this stock (in pounds) is closest to?
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