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Quinoa Farms just paid a dividend of $ 3 . 4 0 on its stock. The growth rate in dividends is expected to be a

Quinoa Farms just paid a dividend of $3.40 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year, indefinitely. Investors require a return of 13 percent on the stock for the first three years anda returnof11 percent for the next three years,and then a return of 9 percent thereafter.What is the current share price for the stock?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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