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Dividend Policy The Hest Corporation wil pay a constant dividend of $2 per share, per year, in perpetulty. Assume all investors pay a 22% tax

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Dividend Policy The Hest Corporation wil pay a constant dividend of $2 per share, per year, in perpetulty. Assume all investors pay a 22% tax an dividends and that there is no capitai gains tax. The cost of capital for investing in HNH stock is 15%. What is the price of a share of HNH stock? Round your answer to one decimal do not use 5 sign

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