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Mitchell Mineral Water, Incorporated, will pay a quarterly dividend per share of $ 1 . 1 0 at the end of each of the next
Mitchell Mineral Water, Incorporated, will pay a quarterly dividend per share of $ at the end of each of the next quarters. Thereafter, the dividend will grow at a quarterly rate of percent, forever. The appropriate rate of return on the stock is percent, compounded quarterly. What is the current stock price? Do not round intermediate calculations and round your answer to decimal places, eg
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