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A company has just paid a dividend of 2.67$. Its discount rate is 9.2%, and the expected perpetual growth rate is 5.9%. What would you

A company has just paid a dividend of 2.67$. Its discount rate is 9.2%, and the expected perpetual growth rate is 5.9%. What would you expect to be the stock's price TODAY?

Express your answer in dollars, rounded to the nearest cent.

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