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What is the price of the stock

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Reference no: EM131238201

Pharsalus Inc. just paid a dividend of $ 2.99 per share. This dividend is expected to grow at a rate of 3.6 percent per year forever. The appropriate discount rate for Pharsalus's stock is 14.2 percent. What is the price of the stock? Enter your answer to the nearest penny.

Reference no: EM131238201

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