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A stock just paid a 3.93 dividend Its long-term expected growth rate of dividends is 5.6%, and its required rate of return is 9.84%. What

A stock just paid a 3.93 dividend Its long-term expected growth rate of dividends is 5.6%, and its required rate of return is 9.84%. What is the value of the stock based on this information?

Maintain 4 decimal places in your intermediate calculations and final answer.

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