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Tresnan Brothers is expected to pay a $ 3 . 2 0 per share dividend at the end of the year ( i . e

Tresnan Brothers is expected to pay a $3.20 per share dividend at the end of the year (i.e., D1= $3.20). The dividend is expected to grow at a constant rate of 6% a year. The required rate of return on the stock, rs, is 13%. What is the stock's current value per share? Round your answer to the nearest cent.
$

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