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ABC, Inc. pays a dividend of $3.42 per year infinitely. If the required rate of return on ABC's stock is 3.05% per year, what is

ABC, Inc. pays a dividend of $3.42 per year infinitely. If the required rate of return on ABC's stock is 3.05% per year, 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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