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Ivy Corp just paid out $1.7308B in dividends and repurchased $4.3983B worth of shares. Ivy has 1.12B shares outstanding.Ivy has told the market to...
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Ivy Corp just paid out $1.7308B in dividends and repurchased $4.3983B

worth of shares. Ivy has 1.12B shares outstanding. Ivy has told the market to expect total payouts to grow at an annual rate of 2%. Investors expect a 10% rate of return on Ivy shares. What is the Total Payout model estimate of the stock price today assuming that all payouts occur annually? (The next payout will occur in exactly one year.)

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