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Mosa Corporation’s shares are selling at $60 per share and company is paying $s per share dividend. Dividends are expected to grow at an annual rate of 3% for foreseeable future. Required rate of return for investors is 12% At the same time, Rocket Corporation’s shares are selling at $58 per share and company is paying $4 per share dividend. Dividends are expected to grow at an annual rate of 5% for foreseeable future. Required rate of return for investors is 12%. Calculate the current value of each stock on the basis of Dividend Discount Model

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