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Brash Corporation initiated a new corporate strategy that fixes its annual divedend at $2.25 per share forever. If the risk free rate is 4.5% and

Brash Corporation initiated a new corporate strategy that fixes its annual divedend at $2.25 per share forever. If the risk free rate is 4.5% and the risk premium on Brash's stock is 10.8%, what is the vale of Brash's stock?

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