A share of stock has a dividend that is expected to grow at a constant perpetual rate.

During the next year (t=0 to t=1), the dividend yield is expected to be 6.95%.

The capital gains yield for the next year is expected to be 0.93%.

Dividends are paid at years end.

If the dividend paid at the end of the year (at t=1) is expected to be $4.53, what is a fair price for the stock in exactly 6 years from today?

(Answer to the nearest $0.01)