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Tresnan Brothers is expected to pay a $ 2 . 9 0 per share dividend at the end of the year ( i . e

Tresnan Brothers is expected to pay a $2.90 per share dividend at the end of the year (i.e.,D1=$2.90). The dividend is expected to grow at a constant rate of 9% a year. The required rate of return on the stock, rs, is 18%. What is the stock's current value per share? Round your answer to the nearest cent.
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