Question: Please answer fast and accurately please answer only Xinhua Manufacturing Company has been generating stable revenues that are not expected to grow in the foreseeable

Please answer fast and accurately please answer only

Xinhua Manufacturing Company has been generating stable revenues that are not expected to grow in the foreseeable future. The company's last dividend was $3.25, and it is unlikely to change the amount paid out. If the required rate of return is 11 percent, what is the stock worth today? (Round the final answer to two decimal places.) $27.08 $29,55 $32.17 $34.43

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