A stock just paid a dividend of $$3\mathrm{.}48.$ That number represents $"$D$0".$ Future dividends will grow at a constant $4\%$ every year thereafter. If the stock's required rate of return is $11\mathrm{.}9\%,$ what is a fair price for the stock today? Round your answer to the nearest penny.

A stock just paid a dividend of $$3\mathrm{.}48.$ That number represents $"$D$0".$ Future dividends will grow at a constant $4\%$ every year thereafter. If the stock's required rate of return is $11\mathrm{.}9\%,$ what is a fair price for the stock today? Round your answer to the nearest penny.