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FullMark, Inc., just paid a dividend of $4.79 on its stock. The dividend growth rate is expected to remain 2.1 percent per year indefinitely. Investors

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FullMark, Inc., just paid a dividend of $4.79 on its stock. The dividend growth rate is expected to remain 2.1 percent per year indefinitely. Investors require a return of 13.4 percent on the stock for the first 2 years, and then a return of 7.3 percent thereafter. What is the current share price for the stock? Report your answer with 2-digit precision (ex. 12.34). Hint: growth is start-of-period but payments are end-of-period

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