What is the value of the common stock

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Gilliland? Motor, Inc., paid a ?$4.35 dividend last year. If? Gilliland's return on equity is 29 ?percent, and its retention rate is 36 ?percent, what is the value of the common stock if the investors require a rate of return of16 ?percent? (Round to the nearest? cent.)

Reference no: EM131499012

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