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Maurer, Inc., has announced an odd dividend policy as it winds down its operations. The company just paid a dividend of $6 per share and

Maurer, Inc., has announced an odd dividend policy as it winds down its operations. The company just paid a dividend of $6 per share and has announced that it will increase the dividend by $5 per share for each of the next five years and never pay another dividend. If you require a return of 12 percent on the companys stock, how much will you pay for a share today? Current Share Price:

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