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Orange Company last dividend was $1.50. Dividends growth rate is 4%. How much you will pay for the stock if your required rate of return

Orange Company last dividend was $1.50. Dividends growth rate is 4%. How much you will pay for the stock if your required rate of return is 10%?

DO NOT MAKE INTERMEDIATE ROUNDING

FINAL ANSWER ROUNDED TO ZERO DECIMAL PLACES

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