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Sky High Co. just paid a dividend of $1.4 per share on its stock. The dividends are expected to grow at a constant rate of

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Sky High Co. just paid a dividend of $1.4 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year indefinitely. If investors require an 11.5 percent return on Sky High Co. stock, the current price is $ _. Round it to two decimal places, and do not include the $ sign, e.g., 23.56. Your

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