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Cromwell Properties Inc., a real estate investment trust (REIT), is in the process of an extended liquidation. It plans to pay a $7.00 annual dividend
Cromwell Properties Inc., a real estate investment trust (REIT), is in the process of an extended liquidation. It plans to pay a $7.00 annual dividend for the next 14 years and will cease dividends forever. The required return on this stock is 9.5%. What is the current price per share? Round to two decimal places
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