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Hailey Corporation pays a constant $14.70 dividend on is stock. The company will maintain this dividend for the next 10 years and will then cease

Hailey Corporation pays a constant $14.70 dividend on is 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 11 percent, what is the current share price? Note: Do not found intermediate calculations and round your answer to 2 decimal places, e.g., 32.16

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