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ABC, Inc. just paid dividend of $6.57. The dividends are expected to grow at 3.02% each year forever. The required rate of return on

ABC, Inc. just paid dividend of $6.57. The dividends are expected to grow at 3.02% each year forever. The required rate of return on the stock is 9.54%. 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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