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Company Z's earnings and dividends per share are expected to grow indefinitely by 4% a year. If next year's dividend is $4 and the market

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Company Z's earnings and dividends per share are expected to grow indefinitely by 4% a year. If next year's dividend is $4 and the market capitalization rate is 14%, what is the current stock price? (Round your answer to 2 decimal places.) Stock price

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