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ABC stock just paid $ 3 . 5 0 in dividends per share. If the required return is 6 . 5 0 % and the

ABC stock just paid $3.50 in dividends per share. If the required return is 6.50% and the dividends are expected to grow at 2.4%, what is the expected value of this stock in 9 years? (Round your answer to the nearest hundredth; two decimal places)

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