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URGENT NEED NOW !! Trend-Line Inc. has been growing at a rate of 6% per year and is expected to continue to do so indefinitely.

URGENT NEED NOW !!

Trend-Line Inc. has been growing at a rate of 6% per year and is expected to continue to do so indefinitely. The next dividend is expected to be $5 per share. If the market expects a 10% rate of return on Trend-Line, at what price must it be selling? Round up your answer to the nearest whole number.

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