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Hailey Corporation pays a constant $14.20 dividend on its stock. The company will maintain this dividend for the next 10 years and will then cease

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Hailey Corporation pays a constant $14.20 dividend on its stock. The company will maintain this dividend for the next 10 years and will then cease paying dividends forever. If the required return on this stock is 9 percent, what is the current share price? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Share price

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