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A stock just paid a dividend of $5, and dividends will increase by 3% every year. Its required rate of return is 12%. What is

A stock just paid a dividend of $5, and dividends will increase by 3% every year. Its required rate of return is 12%. What is the value of the stock? Round your answer to the nearest cent (one-hundredth). Do not include the dollar sign (\$)

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