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Zumwalt Company is expected to pay a dividend of $2.80 per share at the end of the year, and that dividend is expected to grow

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Zumwalt Company is expected to pay a dividend of $2.80 per share at the end of the year, and that dividend is expected to grow at a constant rate of 6% per year in the future. The company's beta is 1.29, the market risk premium is 6.1%, and the riskfree rate is 6.0%. What is the company's current stock price? Answer to the nearest cent. Your

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