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Bishop Industries paid a $2.00 dividend 6 years ago. Today, it paid a $3.00 dividend. If the market required rate of return on Bishop common

Bishop Industries paid a $2.00 dividend 6 years ago. Today, it paid a $3.00 dividend. If the market required rate of return on Bishop common stock is 17%, what is the current market value of a share of Bishop?

Round your growth rate to the nearest full percent.

Round final answer to the nearest cent. That is two decimal places. Do NOT use a dollar sign.

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