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A stock is expected to pay a dividend of $ 0 . 5 0 at the end of the year 0 . e , 0

A stock is expected to pay a dividend of $0.50 at the end of the year 0.e,0,=0.50), and it should continue to grow at a constant rate of 10% a year required retum is 12% what is the stock's expected price years from today? Do not round intermediate calculations. Round your answer to the nearest cent

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