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Queen B Corp. has a current annul cash dividend policy of $2.00. The price of the stock is set to yield 11% return. What is

Queen B Corp. has a current annul cash dividend policy of $2.00. The price of the stock is set to yield 11% return. What is the price of this stock today if the dividend will be paid for 6 year and then a liquidating final of $20.00?

Show your answer to the nearest 2 decimals.

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