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Amazing Corp. has just now paid a dividend of $4 per share (D0); its dividends are expected to grow at a constant rate of 3%

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Amazing Corp. has just now paid a dividend of $4 per share (D0); its dividends are expected to grow at a constant rate of 3% per year forever. If the required rate of return on the stock is 6%, what is the current value of the stock, after paying the dividend? (Hint: The Dividend Discount Model uses the expected (future) dividend. This question is providing you with the already-paid dividend) Round your answer to the nearest two decimals. Do not type the \$ symbol

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