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Hailey Corporation pays a constant $ . 6 8 quarterly dividend on its stock. The company will maintain this dividend for the next 9 years

Hailey Corporation pays a constant $.68 quarterly dividend on its stock. The company will maintain this dividend for the next 9 years and will then cease paying dividends forever. If the required return on this stock is 12.7 percent, what is the current intrinsic value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
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