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Currently, Queen Inc. pays no dividends. However, analysts forecast that in 4 years Queen Inc. will pay its first annual dividend of $2.6 and dividends

image text in transcribed Currently, Queen Inc. pays no dividends. However, analysts forecast that in 4 years Queen Inc. will pay its first annual dividend of $2.6 and dividends will grow at 2% per year thereafter. If stocks with similar risk to the equity of Queen Inc. currently earn 17.5%, estimate the current share price of Queen Inc. Enter your answer below rounded to 2 DECIMAL PLACES

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