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Ks Fashions is growing quickly. Dividends are expected to increase by 9 percent annually for the next two years, with the growth rate falling off

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Ks Fashions is growing quickly. Dividends are expected to increase by 9 percent annually for the next two years, with the growth rate falling off to a constant 4 percent thereafter. The required ratum in 12 porcent and the company just pand its annual dividend of 52,50 per share. What is the current share price? (Round your answer to two decimal places and do not use "3")

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