What is the current market value of andes stock

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Reference no: EM131069071

Andes corp. has just paid an annual dividend of $3.34. If the market expects Andes dividends to grow at an annual rate of 4.9%, and the required return on Andes stock is 16%, what is the current market value of Andes stock (P0)? State your answer in dollars and cents. Dollar sign not required.

Reference no: EM131069071

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