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Five Star Corporation will pay a dividend of $4.70 per share next year. The company pledges to increase its dividend by 7.25 percent per year,

Five Star Corporation will pay a dividend of $4.70 per share next year. The company pledges to increase its dividend by 7.25 percent per year, indefinitely. If you require a return of 10 percent on your investment, how much will you pay for the companys stock today? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16

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