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Downtown Motors Inc expects to pay common shareholders a dividend of $3.7 in one year and the dividends are then forecasted to grow at

Downtown Motors Inc expects to pay common shareholders a dividend of $3.7 in one year and the dividends are then forecasted to grow at a constant rate of 2.6%. If your required rate of return on the equity investment is to be 10%, how much would you be willing to pay for one share of Downtown Motors stock today? Enter your answer to 2 decimal places. S Help

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