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ABC.. Inc just paid a dividend of $6.61. The dividends are expected to grow by 18% in Year 1,20% in Year 2 , and 10%

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ABC.. Inc just paid a dividend of $6.61. The dividends are expected to grow by 18% in Year 1,20% in Year 2 , and 10% in Year 3 . After that, the dividends are expected to grow by 8% each year. If the required rate of return is 11%, 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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