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A stock is expected to pay a dividend of $2.00 at the end of the year (Le., D: - $2.00), and it should continue to

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A stock is expected to pay a dividend of $2.00 at the end of the year (Le., D: - $2.00), and it should continue to grow at a constant rate of 4% a year. If its required retum is 15%, what is the stock's expected price 4 years from today? Do not round Intermediate calculations. Round your answer to the nearest cent

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