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What is the value per share of the company stock

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Reference no: EM132348684

Columbus Incorporated just paid $4.8 per share dividend yesterday (i.e.,D0). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, r, is 12%. What is the value per share of the company's stock? Round your answer to two decimal places.

Reference no: EM132348684

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