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A stock will pay a dividend of $1.8 exactly one year from now. You expect dividends to grow at 1% for the following 2 years

A stock will pay a dividend of $1.8 exactly one year from now. You expect dividends to grow at 1% for the following 2 years and then a constant 3.2% every year thereafter. If the stock's required rate of return is 8.8%, what is a fair price for the stock today? Round your answer to the nearest penny.

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