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Apocalyptic Corp. pays a constant $8.50 dividend on its stock. The company will maintain this dividend for the next 11 years and will then cease

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Apocalyptic Corp. pays a constant $8.50 dividend on its stock. The company will maintain this dividend for the next 11 years and will then cease paying dividends forever. If the required return on this stock is 12 percent, what is the current share price? (Round your answer to 2 decimal places. (e.g., 32.16))

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