Question: 1. The next dividend payment for Crane Services Inc. will be $2.90 per share. The dividends are expected to maintain a 3.0% growth rate, forever.

1. The next dividend payment for Crane Services Inc. will be $2.90 per share. The dividends are expected to maintain a 3.0% growth rate, forever. If the required return is 13%, what is the current price of the stock

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