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Pharsalus Inc. just paid a dividend (i.e., D0) of $ 2.49 per share. This dividend is expected to grow at a rate of 3.4 percent

Pharsalus Inc. just paid a dividend (i.e., D0) of $ 2.49 per share. This dividend is expected to grow at a rate of 3.4 percent per year forever. The appropriate discount rate for Pharsalus's stock is 12.4 percent. What is the price of the stock?

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