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Monahan, Incorporated, has paid annual dividends of $ . 4 1 , $ . 4 7 , and $ . 5 3 per share over

Monahan, Incorporated, has paid annual dividends of $.41, $.47, and $.53 per share over the past three years, respectively. The company expects to now maintain a constant dividend. At a discount rate of 14.4 percent, what is the current value per share?

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