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Metasteel Limited Co. has a stable track record with sales that are not expected to grow in the next several years. Its last annual dividend

Metasteel Limited Co. has a stable track record with sales that are not expected to grow in the next several years. Its last annual dividend was 5.73. If the required rate of return on similar investments is18.97 percent, what is the current stock price? (Round the answer to two decimal places.)

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