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Valiant Corp. will pay a $3 dividend at the end of the year and investors expect Valiant's dividend to increase by 7% per year forever.

Valiant Corp. will pay a $3 dividend at the end of the year and investors expect Valiant's dividend to increase by 7% per year forever. The corporation's cost of capital is 15%. Valiant's stock should therefore be priced at $________ per share.

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