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Tresnan Brothers is expected to pay a $2.8 per share dividend at the end of...

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Tresnan Brothers is expected to pay a $2.8 per share dividend at the end of the year (i.e., D1 = $2.8). The dividend is expected to grow at a constant rate of 5% a year. The required rate of return on the stock, rs, is 7%. What is the stock's current value per share? Round your answer to two decimal places

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