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Honey Bee common stock is expected to pay $1.85 in dividends next year, and te market price is projected to be $40 by year end.

Honey Bee common stock is expected to pay $1.85 in dividends next year, and te market price is projected to be $40 by year end. Of the investor's required rate of return is 12 percent, what is the current value of the stock?

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