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A stock pays a constant dividend of $4/share every quarter (every 3 months) and a dividend was just paid. If the market's required return on

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A stock pays a constant dividend of $4/share every quarter (every 3 months) and a dividend was just paid. If the market's required return on this stock is 13% PER YEAR, what is the market value of the stock? [Express your final answer in dollars and cents (rounded to 2 decimal places)] Market Value = $ per share

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