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estion 16 HIG Corp.just paid a dividend of $3.50. Dividends of the company are expected to grow in perpetuity at 3.0% per year. If the

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estion 16 HIG Corp.just paid a dividend of $3.50. Dividends of the company are expected to grow in perpetuity at 3.0% per year. If the discoun . If the discount rate of dividends is 18.0% per year, compute the price of the stock. Express your answer with two decimals

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