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A firm just paid a dividend of $2.23. The dividend is expected to grow at a constant rate of 4.54% forever and the required rate

A firm just paid a dividend of $2.23. The dividend is expected to grow at a constant rate of 4.54% forever and the required rate of return is 13.77%. What is the value of the stock? Answer format: Currency: Round to: 2 decimal places.

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