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Farm Supply, Inc., just paid a dividend of $2.65 per share on its stock. The dividends are expected to grow at a constant rate of

Farm Supply, Inc., just paid a dividend of $2.65 per share on its stock. The dividends are expected to grow at a constant rate of 5.2 percent per year, indefinitely. If investors require a return of 14.9 percent on this stock, what will the price be in 7 years? (Do not round intermediate calculations, round your answer to two decimals, i.e. 32.16)

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