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Gilliland Motor, Inc., paid a $3.71 dividend last year. IfGillilandAc€?cs return on equity is 34

Gilliland Motor, Inc., paid a $3.71 dividend last year. IfGillilandAc€?cs return on equity is 34

Gilliland Motor, Inc., paid a $3.71 dividend last year. IfGillilandAc€?cs return on equity is 34 percent, and its retention rateis 27 percent, what is the value of the common stock if theinvestors require a rate of return of 16 percent?