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The Francis Company is expected to pay a dividend of D 1 = $ 1 . 3 1 per share at the end of the

The Francis Company is expected to pay a dividend of D1= $1.31 per share at the end of the year, and that dividend is expected to grow at a constant rate of 5% per year in the future. The required return on Francis' stock is 10.1%. What is the company's current stock price?

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