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Walker Inc. just paid a dividend of $2.25 per share. Management has stated that they plan to make annual dividend increases of 4.0% indefinitely. Investors

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Walker Inc. just paid a dividend of $2.25 per share. Management has stated that they plan to make annual dividend increases of 4.0% indefinitely. Investors require a rate of return on Walker's stock of 13.00%. What is the current stock price? (round to 2 decimals)

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