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A stock is priced at $ 5 7 today, the annual dividend is expected to remain unchanged forever at $ 3 . 3 2 ,

A stock is priced at $57 today, the annual dividend is expected to remain unchanged forever at $3.32, and the next dividend will be paid next year. What is the value today of the dividend that will be paid in 10 years? (Round to the nearest cent.)

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