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    Valuf of Stock

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    CCT, Inc. expects its current annual $3 per share common stock dividend to remain the same for the foreseeable future. Therefore, the value of the stock to an investor with a required return of 15% is?

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    Solution Summary

    The solution briefly and concisely shows the correct formula to use for questions regarding the value of stock with a required return and then uses that formula to solve the question. Overall, an excellent response to the question being asked.