What is the current market value of stock

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Reference no: EM131070460

Andes corp. has just paid an annual dividend of $3.11. If the market expects Andes dividends to grow at an annual rate of 3.2%, and the required return on Andes stock is 12%, what is the current market value of Andes stock (P0)? State your answer in dollars and cents.

Reference no: EM131070460

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