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A stock just paid a dividend of $5.25, has a required rate of return of 12.25%, and a constant dividend growth rate of 3.50%. What

A stock just paid a dividend of $5.25, has a required rate of return of 12.25%, and a constant dividend growth rate of 3.50%. What price should this stock be selling for today? (Assume that dividends are paid annually and that the next dividend will be paid in one year.)

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