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7 points You are evaluating a stock that just paid a dividend of $2.1. Dividends are expected to grow at a constant rate of 4,6%

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7 points You are evaluating a stock that just paid a dividend of $2.1. Dividends are expected to grow at a constant rate of 4,6% for long time into the future. The required rate of return on the stock is 9.4%. What is the value of this stock? (round your answer to 2 decimal places, ignore the sign in your answer)

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