Calculate the current value of tango stock

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Tango, Inc. has just paid a $3.50 annual dividend on its common stock. The dividend is expected to grow at a constant rate of 6% per year indefinitely. Based on market risk conditions and Tango’s beta value, the required rate of return on Patriot’s stock is 12%. Calculate the current value of Tango‘s stock.

Reference no: EM131999437

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