A stock will pay a dividend of $$1\mathrm{.}43$ exactly one year from now, and it will continue to pay this same dividend every year thereafter. If the stock's required rate of return is $10\mathrm{.}4\%,$ what is a fair price for the stock today? Round your answer to the nearest penny.

A stock will pay a dividend of $$1\mathrm{.}43$ exactly one year from now, and it will continue to pay this same dividend every year thereafter. If the stock's required rate of return is $10\mathrm{.}4\%,$ what is a fair price for the stock today? Round your answer to the nearest penny.