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Teal Corp. has been having trouble. The last dividend was $2.96, and it's projected to fall 3% per year indefinitely. If the required return is

Teal Corp. has been having trouble. The last dividend was $2.96, and it's projected to fall 3% per year indefinitely. If the required return is 6%, what is Teal Corp.'s stock price?Teal Corp.'s stock price is $?. (Round to the nearest cent.)

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