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A manufacturing firm, Man-U-Factoring, is expected to pay a dividend of $7 at the end of the year and there is no expected growth rate.

A manufacturing firm, Man-U-Factoring, is expected to pay a dividend of $7 at the end of the year and there is no expected growth rate. The required rate of return is 7.5%. If everything else stays the same, what would the stock's price be?

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