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A stock just paid $1.4 dividend yesterday. The dividend is expected to grow at 3.4% per year thereafter. If the beta of the stock is

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A stock just paid $1.4 dividend yesterday. The dividend is expected to grow at 3.4% per year thereafter. If the beta of the stock is 0.9, risk-free rate is 2.4%, and the market risk premium is 6%, then using the dividend discount model, the stock price should be (Round your answer to two decimal places, such as 12.34)

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