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Hooli Corp. will pay an annual dividend of $4.70 per share this year, and it is expected that these dividend payments will continue indefinitely and
Hooli Corp. will pay an annual dividend of $4.70 per share this year, and it is expected that these dividend payments will continue indefinitely and grow at a constant rate of 2 percent. If the required rate of return on the company's stock is 8.1 percent, what should be the current price per share? (Provide your answer as a number with two decimal places.)
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