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Isberg Company just paid a dividend of $1.75 per share, and that dividend is expected to grow at a constant rate of 7% per year

Isberg Company just paid a dividend of $1.75 per share, and that dividend is expected to grow at a constant rate of 7% per year in the future. The company's beta is 1.30, the market risk premium is 6.0%, and the risk-free rate is 5%. What is the company's current stock price? Answer to the nearest cent

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