Question: Boehm Incorporated is expected to pay a $ 1.2 per share dividend at the end of the year (i.e.,D1). The dividend is expected to grow

Boehm Incorporated is expected to pay a $ 1.2 per share dividend at the end of the year (i.e.,D1). The dividend is expected to grow at a constant rate of 3 % a year. The required rate of return on the stock, r, is 13 %. What is the value per share of the company's stock? Round your answer to two decimal places.

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