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Chamberlain Corporation is expected to pay the following dividends over the next four years: $ 1 2 . 7 0 , $ 8 . 7

Chamberlain Corporation is expected to pay the following dividends over the next four years: $12.70, $8.70, $7.70, and $3.20. Afterward, the company pledges to maintain a constant 5% growth rate in dividends forever. If the required return on the stock is 12%, what is the current share price?(Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)

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