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An analyst has made the following estimate of Company Z's future dividends. In year 5, Company Z is expected to stop fluctuating and begin paying

An analyst has made the following estimate of Company Z's future dividends. In year 5, Company Z is expected to stop fluctuating and begin paying a constant dividend of $1.68. If the required rate of return is 14%, what is the stock's price? The current price of Company Z's stock is $. (Round to the nearest cent.)

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