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A stock will pay a dividend of $ 1 . 6 8 at the end of this year. Their stable dividend growth rate is 3

A stock will pay a dividend of $1.68 at the end of this year. Their stable dividend growth rate is 3%. Using the constant growth DDM model, what do you expect the value of the stock to be at the end of year 16 if the investor's required return is 10.1%? State your answer as a dollar amount with two decimal places.

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