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After then, Highlino's earnings are expected to grow at the current industry average of 5.4% per year. If Highline's equily cost of capital is 8.4%

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After then, Highlino's earnings are expected to grow at the current industry average of 5.4% per year. If Highline's equily cost of capital is 8.4% per year and its dividend payout ratio remains constant, for what price does the dividend-discount model predict Highline stock should sell? The value of Highline's stock is (Round to the nearest cent.)

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