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Huntsville Corporation has been growing its dividends in proportion to the company's growth in profitability. Last year it paid $2.25 per share annually. You expect

Huntsville Corporation has been growing its dividends in proportion to the company's growth in profitability. Last year it paid $2.25 per share annually. You expect that it will grow its dividends at 3.25% per year. You have a required yield on your stocks of 13%. What is the value to you of Huntsville Corporation's stock, assuming you purchase it in time for the next dividend to be paid? (Don't forget that the next dividend will be 3.25% higher than the last dividend.) Answer to the nearest whole percent.

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