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Engel Iron has never paid a dividend, but has long-range plans that call for a $1.200 starting 5 years from today that will grow at

Engel Iron has never paid a dividend, but has long-range plans that call for a $1.200 starting 5 years from today that will grow at 1.25% from there. Investors require a 9.238% return on Engel stock. What is one share worth? Round to three decimal places

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