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A stock pays out $2.18 per quarter, this is expected to grow at a 0.4% rate per quarter forever. If the expected return of the

A stock pays out $2.18 per quarter, this is expected to grow at a 0.4% rate per quarter forever. If the expected return of the stock is 6% per year, what is the current expected stock price (Remember to keep time consistent, quarter v.s. year) (Please write in decimal format using 5 decimal places and do not use the $ symbol)

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