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Gilmore, Inc., just paid a dividend of $2.25 per share on its stock. The dividends are expected to grow at a constant rate of 5.7

Gilmore, Inc., just paid a dividend of $2.25 per share on its stock. The dividends are expected to grow at a constant rate of 5.7 percent per year, indefinitely. If investors require a return of 14 percent on this stock, what is the current price? (Do not round intermediate calculations, round your answer to two decimals, i.e. 32.16)

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