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A company just paid a dividend of $1.15 per share on its stock. The dividends are expected to grow at a constant rate of 4

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A company just paid a dividend of $1.15 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. If investors require a return of 12 percent on the company's stock, what will the price be in 3 years? Enter your answer as dollars with 2 digits to the right of the decimal point in the box shown below

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