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ABC, Inc. pays a dividend of $3.47 per year infinitely. If the required rate of return on ABC's stock is 17.72% per year, what is

ABC, Inc. pays a dividend of $3.47 per year infinitely. If the required rate of return on ABC's stock is 17.72% per year, what is today's price of the stock? Enter your answer rounded off to two decimal points.

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