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ASD Corp. will pay a dividend of $1.8 on each of its common shares next year. The company has stated that it will maintain a

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ASD Corp. will pay a dividend of $1.8 on each of its common shares next year. The company has stated that it will maintain a constant growth rate of 4.6% per year forever. If you require 75% return to invest in ASD stock (and assuming you agree with ASD's growth projections), how much will you pay per share? (Do not include the dollar sign (S). Round your answer to 2 decimal places (eg. 32 16))

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