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ABC,. Inc just paid a dividend of $18.71. The dividends are expected to grow by 22% in Years 1 and 2. After that, the dividends

ABC,. Inc just paid a dividend of $18.71. The dividends are expected to grow by 22% in Years 1 and 2. After that, the dividends are expected to grow by 3% each year. If the required rate of return is 17%, what is today's price of the stock?

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

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