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ABC stock just paid $4.75 in dividends per share. If the required return is 7.25% and the dividends are expected to grow at 2.4%, what

ABC stock just paid $4.75 in dividends per share. If the required return is 7.25% and the dividends are expected to grow at 2.4%, what is the expected value of this stock in 8 years?

(Round your answer to the nearest hundredth; two decimal places)

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