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A stock's current price is $56. Investors require a 13% rate of return and dividends are expected to grow at 4% indefinitely. What is the

A stock's current price is $56. Investors require a 13% rate of return and dividends are expected to grow at 4% indefinitely. What is the expected price of the stock next year? (Round answer to the nearest cent, but dont round intermediate calculations, and don't include the dollar sign.)

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