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HQZ Inc., has just paid a dividend of $3.95 per share and has announced that it will increase the dividend by $2.54 per share for

HQZ Inc., has just paid a dividend of $3.95 per share and has announced that it will increase the dividend by $2.54 per share for each of the next four years, and then never pay another dividend. If you require a return of 10.26 percent on the company's stock, how much will you pay for a share today? Answer to two decimals.

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