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(CH7 Problem 17) Jane Corporation is expected to pay the following dividends over the next three years: $5.00, $4.25, $4.00. Afterwards, the company pledges to

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(CH7 Problem 17) Jane Corporation is expected to pay the following dividends over the next three years: $5.00, $4.25, $4.00. Afterwards, the company pledges to maintain a constant 3.6 percent growth rate in dividends, forever. If the required return on the stock is 6.7 percent, what is the current share price? Note: the $5.00 dividend will be paid exactly one year from today. Round intermediate computations to three decimal places and round your answer to the nearest DIME (i.e. xx.xO)

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