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Cascade Industries Inc. intends to pay a common stock dividend of $3.18 one year from today and the firm anticipates that the dividend will continue

Cascade Industries Inc. intends to pay a common stock dividend of $3.18 one year from today and the firm anticipates that the dividend will continue to grow at a rate of 2% per year indefinitely. If the firm has a 13% required rate of return, what is the current price per share of stock?

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