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Amalgamated Industries is expected to pay the following dividends over the next four years: $ 1 , $ 3 , $ 5 , and $

Amalgamated Industries is expected to pay the following dividends over the next four years: $1, $3, $5, and $7. Afterward, the company pledges to maintain a constant 2.5 percent growth rate in dividends forever. If the required return on the stock is 12.5 percent, what is the current share price? (Do not round your intermediate calculations.)

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