Value of the common stock

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Gilliland? Motor, Inc., paid a ?$3.67 dividend last year. If? Gilliland's return on equity is 22 ?percent, and its retention rate is 29 percent, what is the value of the common stock if the investors require a rate of return of 22 ?percent? The value of the common stock is ?$? ?(Round to the nearest? cent.)

Reference no: EM131511889

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