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The Black Forest Cake Company just paid an annual dividend of $5.63. If you expect a constant growth rate of 5.60 percent, and have a

The Black Forest Cake Company just paid an annual dividend of $5.63. If you expect a constant growth rate of 5.60 percent, and have a required rate of return of 14.49 percent, what is the current stock price according to the constant growth dividend model?

Round the answer to two decimal places.

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