Question: Athens will pay a $6.50 dividend next year. Future dividends are expected to grow at 7.00%. If the market required rate of return on Athens

Athens will pay a $6.50 dividend next year. Future dividends are expected to grow at 7.00%. If the market required rate of return on Athens common stock is 19.00%, what is the current market value of a share of Athens?

Round to the nearest cent. That is two decimal places. Do NOT use a dollar sign.

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