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Chamberlain Corporation is expected to pay the following dividends over the next four years: $ 1 3 . 5 0 , $ 9 . 5

Chamberlain Corporation is expected to pay the following dividends over the next four years: $13.50,$9.50,$8.50, and $4.00.
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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