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Supposes that Abreu Bank just paid an annual dividend of $1.20 per share, which will remain constant forever. Investors require a 7.95% rate of return

Supposes that Abreu Bank just paid an annual dividend of $1.20 per share, which will remain constant forever. Investors require a 7.95% rate of return on the stock. What is a share worth? Answer in whole numbers, rounded to three decimal places.

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