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ABC Limited has a stable sales track record but does not expect to grow in the future. Its last annual dividend was $2.23. If the

ABC Limited has a stable sales track record but does not expect to grow in the future. Its last annual dividend was $2.23. If the required rate of return on similar investments is 18 percent p.a., what is the current share price? (to the nearest cent; don't use the $ sign)

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