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The JacksonTimberlake Wardrobe Co. just paid a dividend of $3.17 per share on its stock. The dividends are expected to grow at a constant rate

The JacksonTimberlake Wardrobe Co. just paid a dividend of $3.17 per share on its stock. The dividends are expected to grow at a constant rate of 2.26 percent per year indefinitely. Investors require a return of 11.17 percent on the company's stock. What is the current stock price?

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