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A stock is expected to pays dividends of $2 each quarter for 5 years and is expected to be sold for $75 at the end

A stock is expected to pays dividends of $2 each quarter for 5 years and is expected to be sold for $75 at the end of 5 years. The required return on the stock is 6%. What is the intrinsic value of the stock?

Enter your answer to the nearest cent (i.e. two decimal places).

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