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12. Halo Industries issued dividends totaling $1.05 last year. For the next two years, it expects dividends to increase by 45% annually and then

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12. Halo Industries issued dividends totaling $1.05 last year. For the next two years, it expects dividends to increase by 45% annually and then remain constant thereafter. How much is one share of Halo Industries stock worth today if you require a 7% rate of return? (round your final answer to 2 decimals)

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