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A company has just paid $3.69 dividend per share. It is expected that the future dividends will grow at a constant rate of 2.95% forever.

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A company has just paid $3.69 dividend per share. It is expected that the future dividends will grow at a constant rate of 2.95% forever. The required rate of return from the share of this company is 12.71%. What would be the value of the share today? (Do NOT use a negative sign to the answer, which should be rounded to 2-decimal places)

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