Coral Inc. is going to pay an annual dividend of $ 2.10 per share on its common stock next year. This year, the company paid a dividend of $2 per share. The company applies a constant growth rate dividend policy. The company has the beta of 1,2 and the risk-free rate is 4% and the market risk premium is 5 %. What will be the price of common stock now (P0)?

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