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A stock has just payed its annual dividend at $2.1/share. The dividend payments are expected to stay at the current growth path of 1.4% per

A stock has just payed its annual dividend at $2.1/share. The dividend payments are expected to stay at the current growth path of 1.4% per year indefinitely. Investors require a return of 8.1% for this type of stock. What is the price? (Round your answer to the nearest $)

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