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eBook Tresnan Brothers is expected to pay a $1.40 per share dividend at the end of the year (le, Di - $1.40). The dividend is

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eBook Tresnan Brothers is expected to pay a $1.40 per share dividend at the end of the year (le, Di - $1.40). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, is, is 10%. What is the stock's current value per share? Round your answer to the nearest cent

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