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MC Hill Corp. currently pays an annual $ 9 . 7 4 dividend on its stock. The company recently announced that it will maintain this

MC Hill Corp. currently pays an annual $9.74 dividend on its stock. The company recently announced that it will maintain this dividend for the next 18 years but then cease paying dividends forever. If the required return for MC Hill stock is 9.3 percent, what is its current share price? Report your answer with 2-digit precision (ex.12.34).

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