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ABC, Inc. is expected to pay a dividend of $9.31 next year. The dividends are expected to grow at 9.72% each year forever. The required

ABC, Inc. is expected to pay a dividend of $9.31 next year. The dividends are expected to grow at 9.72% each year forever. The required rate of return on the stock is 24.47%. What is today's price of the stock? Enter your answer rounded off to two decimal points.

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