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The company stock fo Salazar Insurance currently pays a contact annual dividend of $6.90 Per share. what is one share of this stock worth at

The company stock fo Salazar Insurance currently pays a contact annual dividend of $6.90 Per share. what is one share of this stock worth at a discount rate of 13 percent? (Do not round to intermediate calculation and round your answer to 2 decimal places e.g., 32.16)

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