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Ivanhoe Supply Corp. has not grown for the past several years, and management expects this lack of growth to continue. The firm last paid a

Ivanhoe Supply Corp. has not grown for the past several years, and management expects this lack of growth to continue. The firm last paid a dividend of $4.06. If you require a rate of return of 14 percent, what is the current value of this stock to you? (Round answer to 2 decimal places, e..15.25).
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$
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