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A share of common stock just paid a dividend of $3.4. If the expected long-run growth rate for this stock is 1%, and if

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A share of common stock just paid a dividend of $3.4. If the expected long-run growth rate for this stock is 1%, and if investors' required rate of return is 6.6%, then what is the stock price? Round your final answer to 2 decimal places. Do not round any intermediate calculation.

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