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resnan Brothers is expected to pay a $3.10 per share dividend at the end of the year (i.e., D1=$3.10 ). The dividend is expected to

resnan Brothers is expected to pay a $3.10 per share dividend at the end of the year (i.e., D1=$3.10 ). The dividend is expected to grow at a constant rate of 7% a ear. The required rate of return on the stock, rs, is 9%. What is the stock's current value per share? Round your answer to the nearest cent

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