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Osceola Inc. maintains a constant rate of growth of 3.9% and recently issued a dividend of $1.10 per share. What is the current value of

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Osceola Inc. maintains a constant rate of growth of 3.9% and recently issued a dividend of $1.10 per share. What is the current value of Osceola's common stock if the market demands a return of 16.2%? (Round answer to 2 decimal places. Do not round intermediate calculations)

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