A share of common stock just paid dividend

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A share of common stock just paid a dividend of $1.51. If the expected long-run growth rate for this stock is 2.5%, and if investors' required rate of return is 7.4%, what is the stock price?

Express your answer rounded to the nearest dollar, and without the dollar sign. So, if the stock price is $53.43, just enter 53.

Reference no: EM13879372

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