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6 Joker stock has a sustainable growth rate of 8 percent, ROE of 13 percent, and dividends per share of $3.05. If the PE

6 Joker stock has a sustainable growth rate of 8 percent, ROE of 13 percent, and dividends per share of $3.05. If the PE ratio is 19.5,. what is the value of a share of stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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