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A stock is expected to pay a dividend of $2.75 at the end of the year (i.e, Di s2.75), and it should continue to grow

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A stock is expected to pay a dividend of $2.75 at the end of the year (i.e, Di s2.75), and it should continue to grow at.a constant rate of 5% a year. If its required return is 13%, what is the stock's expected price 2 years from today? Round your answer to two decimal places. Do not round your intermediate calculations

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