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BenchMark, Inc., just paid a dividend of $ 3 . 6 5 on its stock. The growth rate in dividends is expected to be a
BenchMark, Inc., just paid a dividend of $ on its stock. The growth rate in dividends is expected to be a constant percent per year indefinitely. Investors require a return of percent on the stock for the first three years, a return of percent for the next three years, and then a return of percent thereafter. What is the current share price for the stock? Do not round intermediate calculations and round your answer to decimal places, eg
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