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The Francis Company is expected to pay a dividend of $1.25 per share at the end of the next year, and that dividend is expected

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The Francis Company is expected to pay a dividend of $1.25 per share at the end of the next year, and that dividend is expected to grow at a constant rate of 6.00% per year in the future. Required rate of return is 10.33%. What is the company's current stock price? Round up to the 2nd decimal

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