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A company has just paid a dividend of 3.82$. Its discount rate is 11.1%, and the expected perpetual growth rate is 3.7%. What would you

A company has just paid a dividend of 3.82$. Its discount rate is 11.1%, and the expected perpetual growth rate is 3.7%. What would you expect to be the stock's price TODAY? Express your answer in dollars, rounded to the nearest cent (2 decimals).

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