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Partzman Co paid a dividend of $4 on its common stock at the end of last year. The company's dividends are expected to grow at

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Partzman Co paid a dividend of $4 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 17%, compute the current value per share of Partzman Co stock. Submit your answer in dollars and round to two decimal places (Ex. $0.00) 42.8

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