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An investor plans to buy a share of stock today, which will be held for 1 year. The stock will pay a $1.85 dividend and

An investor plans to buy a share of stock today, which will be held for 1 year. The stock will pay a $1.85 dividend and should sell for $41 . If the required return is 8% , how much should the investor pay for the stock? (Round to the nearest cent.)

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