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Salazar Insurance decides to change their dividend policy and are expected to increase dividends by 4.3 percent annually. What is the price of one share

Salazar Insurance decides to change their dividend policy and are expected to increase dividends by 4.3 percent annually. What is the price of one share of this stock at the return if 13 percent? Assume the last dividend paid is $6.90 (Do not round to intermediate calculation and round your answer to 2 decimal places e.g., 32.16)

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