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Partzman Co . paid a dividend of $ 1 . 9 9 on its common stock at the end of last year. The company's dividends

Partzman Co. paid a dividend of $1.99 on its common stock at the end of last year. The company's dividends are expected to grow at a constant rate of 7% indefinitely. If the required rate of return on this stock is 15%, compute the current value per share of Partzman Co. stock. Submit your answer in dollars and round to two decimal places (Ex. $0.00)
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