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A company follows a dividend policy that raises dividends annually at a rate of 3 % ( and expects this rate to go forever )

A company follows a dividend policy that raises dividends annually at a rate of 3%(and expects this rate to go forever). The company just paid an annual dividend of $1.44. The required rate of return is 16%.
What is today's stock price?
For your answer round to the nearest 2 decimals.

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