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Gruber Corp. pays a constant $9.80 dividend on its stock. The company will maintain this dividend for the next 14 years and will then cease

Gruber Corp. pays a constant $9.80 dividend on its stock. The company will maintain this dividend for the next 14 years and will then cease paying dividends forever. The required return on this stock is 11 percent. What is the current share price? Please give the full written equation, not the calculator solution.

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