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A share of common stock just paid a dividend of $3.6. If the expected long-run growth rate for this stock is 2%, and if investors'

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A share of common stock just paid a dividend of $3.6. If the expected long-run growth rate for this stock is 2%, and if investors' required rate of return is 6.9%, then what is the stock price? Round your final answer to 2 decimal places. Do not found any intermediate calculation

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