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Joker stock has a sustainable growth rate of 1 0 percent, ROE of 1 6 percent, and dividends per share of $ 3 . 2

Joker stock has a sustainable growth rate of 10 percent, ROE of 16 percent, and dividends per share of $3.20. If the PE ratio is 15.7, what is the value of a share of stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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