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A stock will pay a dividend of $1.6 exactly one year from now. You expect dividends to grow at -3% for the following 2 years

A stock will pay a dividend of $1.6 exactly one year from now. You expect dividends to grow at -3% for the following 2 years and then a constant 2.8% every year thereafter. If the stock's required rate of return is 9.4%, what is a fair price for the stock today? Round your answer to the nearest penny

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