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A7X Corp. just paid a dividend of $ 5.1 per share. The dividends are expected to grow at 10 percent for the next 3 years

A7X Corp. just paid a dividend of $ 5.1 per share. The dividends are expected to grow at 10 percent for the next 3 years and then level off to a growth rate of 3.5 percent indefinitely. If the required return is 10 percent, what is the price of the stock today? NOTE - Calculate dividends used for intermediate calculations to 4 decimal places. State final answer to 2 decimal place.

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