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Hailey Corp. pays a constant $ 9 . 4 5 dividend on its stock. The company will maintain this dividend for the next 1 3

Hailey Corp. pays a constant $9.45 dividend on its stock. The company will maintain this dividend for
the next 13 years and will then cease paying dividends forever. If the required return on this stock is
10.7 percent, what is the current share price?
Input area:
(Use cells A6 to B8 from the given information to complete this question.)
Output area:
Share price ,,
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