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A firm is planning on paying its first dividend of $4.96 years from today. After that, dividends are expected to grow at 3.5% per year

A firm is planning on paying its first dividend of $4.96 years from today. After that, dividends are expected to grow at 3.5% per year indefinitely. The stock's required return is 11%. What is the intrinsic value of a share today? Enter your answer to 2 decimal places

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