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10. A firm recently paid a $0.95 annual dividend. The dividend is expected to increase by 14 percent in each of the next four years.

10. A firm recently paid a $0.95 annual dividend. The dividend is expected to increase by 14 percent in each of the next four years. In the fourth year, the stock price is expected to be $73. If the required return for this stock is 16.50 percent, what is its current value? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Current Value: $_________

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