The next year the common stock of gold corp will pay a


Question: The next year the common stock of Gold Corp. will pay a dividend of $5.25 per share. If the company is growing at a rate of 2.38 percent per year, and your required rate of return is 11.54 percent, what is Gold's company stock worth to you?

Round the answer to two decimal places.

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Finance Basics: The next year the common stock of gold corp will pay a
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